Springs of Life Christian Preschool

Analysis

Springs of Life Christian Preschool is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in October 2023, 3 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 August 2023, Springs of Life Christian Preschool reported income of $615k and spending of $495k, spending 80% of its income. The sharpest change came in the year to August 2022, when income rose by 37%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springs of Life Christian Preschool sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Sidney Memorial Public Library ($615k), Lahainaluna High School Foundation ($615k) and Seven Lakes High School Band Boosters Inc ($615k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $167k (34% of expenses). Other salaries and wages came to $178k. At year end it held assets of $423k against liabilities of -$1,412, net assets of $425k. It reported 16 employees.