Covington First United Methodist Church Preschool Inc

Analysis

Covington First United Methodist Church Preschool Inc is a registered charity in United States, based in Covington, GA. It received its IRS tax-exemption ruling in April 2020, 6 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 June 2023, Covington First United Methodist Church Preschool Inc reported income of $412k and spending of $412k, spending 100% of its income. Across the 4 years on record, from December 2019 to June 2023, income grew from $325k to $412k (+27%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covington First United Methodist Church Preschool Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Greenville Woodworkers Guild Incorporated ($412k), Center for Interactive Learning and Collaboration Inc ($412k) and Edina Give and Go ($412k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $49k (12% of expenses). Other salaries and wages came to $294k. At year end it held assets of $179k against liabilities of $65k, net assets of $114k. It reported 45 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.