Greenwood-Molina Nursery School

Analysis

Greenwood-Molina Nursery School is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in September 1964, 62 years ago. 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, Greenwood-Molina Nursery School reported income of $450k and spending of $579k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $452k to $450k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greenwood-Molina Nursery School sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Highland Homes Inc ($450k), Bais Din Tzedek Umishpot Inc ($450k) and Beverly Montessori School ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Other salaries and wages came to $260k. At year end it held assets of $732k against liabilities of $299k, net assets of $434k. It reported 15 employees.