Suginoko Preschool

Analysis

Suginoko Preschool is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Suginoko Preschool reported income of $512k and spending of $515k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $391k to $512k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Suginoko Preschool sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include MC Donell High School Foundation Inc ($512k), Downingtown Library Company ($512k) and Options in Education Foundation Inc ($512k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $58k (11% of expenses). Other salaries and wages came to $302k. At year end it held assets of $17k against liabilities of $24k, net assets of -$7,124. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.