Claras Little Lambs Preschool Academy Inc

Analysis

Claras Little Lambs Preschool Academy Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Claras Little Lambs Preschool Academy Inc reported income of $1.9m and spending of $2.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.9m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Claras Little Lambs Preschool Academy Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include The Lawrence County Young Mens Chri Stian Association ($1.9m), Challenge Aspen ($1.9m) and Cornerstone Counseling Center ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 72% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $2.7m against liabilities of $87k, net assets of $2.6m.