Mi Escuelita Preschool Inc

Analysis

Mi Escuelita Preschool Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 1981, 45 years ago. 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 December 2023, Mi Escuelita Preschool Inc reported income of $4.2m and spending of $4.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.9m to $4.2m (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mi Escuelita Preschool Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include A Childs Touch ($4.2m), Tupelo Childrens Mansion Ministries Inc ($4.2m) and Maine Seacoast Mission ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $175k (3.8% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $2.6m against liabilities of $738k, net assets of $1.9m. It reported 80 employees.