First Baptist Preschool of Portland

Analysis

First Baptist Preschool of Portland is a registered charity in United States, based in Portland, TX. It received its IRS tax-exemption ruling in October 1971, 55 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, First Baptist Preschool of Portland reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Baptist Preschool of Portland 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 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Center for Leadership in School Reform Inc ($1.7m), Way Station ($1.7m) and Meals on Wheels ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $859k against liabilities of $4,528, net assets of $854k. It reported 82 employees.