Preschool Promise Inc

Analysis

Preschool Promise Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in January 2018, 8 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 December 2023, Preschool Promise Inc reported income of $12.4m and spending of $12.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $12.4m (+126%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Preschool Promise Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include A Gift for Teaching Inc ($12.4m), Delta Properties Inc ($12.4m) and Children of Fallen Patriots Foundation ($12.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $280k (2.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $4.3m against liabilities of $3.3m, net assets of $1.1m.