Walnut Lake Preschool

Analysis

Walnut Lake Preschool is a registered charity in United States, based in W Bloomfield, MI. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Walnut Lake Preschool reported income of $461k and spending of $455k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $472k to $461k (-2.3%), an average of -0.6% a year. The sharpest change came in the year to August 2021, when income rose by 58%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Walnut Lake Preschool sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Do Good Productions Inc ($461k), Acx Booster Club Charleston Area ($461k) and Family Support Network ($461k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $278k. At year end it held assets of $700k against liabilities of $0, net assets of $700k. It reported 5 employees.