Glad Tidings Preschool Inc

Analysis

Glad Tidings Preschool Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in February 1999, 27 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, Glad Tidings Preschool Inc reported income of $1.3m and spending of $1.3m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glad Tidings Preschool Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within LA. Charities of a similar size with the same main cause include CWFF Child Development Center Inc ($1.3m), Young Mens Christian Association of Worthington ($1.3m) and Sonshine World ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. Other salaries and wages came to $661k. At year end it held assets of $836k against liabilities of $552k, net assets of $284k. It reported 69 employees.