Noahs Ark Preschool Inc

Analysis

Noahs Ark Preschool Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Noahs Ark Preschool Inc reported income of $337k and spending of $255k, leaving 24% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $282k to $337k (+20%), an average of +4.6% a year. The sharpest change came in the year to August 2021, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Noahs Ark Preschool Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Starbase Victory Inc ($337k), Mykkids ($337k) and Asbury Preschool ($337k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Other salaries and wages came to $171k. At year end it held assets of $424k against liabilities of $198k, net assets of $226k. It reported 10 employees.