Gildas Preschool Academy Inc

Analysis

Gildas Preschool Academy Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gildas Preschool Academy Inc reported income of $396k and spending of $445k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $396k (+367%), an average of +47% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gildas Preschool Academy Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within LA. Charities of a similar size with the same main cause include Rappahannock Benevolent Fund Inc ($396k), Kids Corner Child Care and Learning Center Inc ($396k) and Reeces Rainbow Inc ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $55k (12% of expenses). Other salaries and wages came to $208k. At year end it held assets of $122k against liabilities of $0, net assets of $122k. It reported 2 employees.