Meadows Academy Preschool Inc

Analysis

Meadows Academy Preschool Inc is a registered charity in United States, based in Sanford, FL. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Meadows Academy Preschool Inc reported income of $931k and spending of $809k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $708k to $931k (+31%), an average of +9.5% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meadows Academy Preschool Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include The Locker Foundation ($931k), Montessori Learning Community of Asheville Inc ($931k) and Florida Fund for Minority Teachers Inc ($930k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $86k (11% of expenses). Other salaries and wages came to $397k. At year end it held assets of $573k against liabilities of $73k, net assets of $500k. It reported 34 employees.