Venice Nokomis Community Preschool Inc

Analysis

Venice Nokomis Community Preschool Inc is a registered charity in United States, based in Nokomis, FL. It received its IRS tax-exemption ruling in September 2017, 9 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 December 2023, Venice Nokomis Community Preschool Inc reported income of $635k and spending of $372k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $635k (+122%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Venice Nokomis Community Preschool Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include St Cloud Technical and Community College Foundation ($635k), Montessori School of Mosswood Park Inc ($635k) and Chinese University of Hong Kong Foundation Inc ($635k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $91k (25% of expenses). Other salaries and wages came to $170k. At year end it held assets of $570k against liabilities of $0, net assets of $570k. It reported 16 employees.