Promiseland Preschool Inc

Analysis

Promiseland Preschool Inc is a registered charity in United States, based in Fountain HLS, AZ. It received its IRS tax-exemption ruling in October 2019, 7 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, Promiseland Preschool Inc reported income of $340k and spending of $278k, spending 82% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $256k to $340k (+33%), an average of +9.9% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Promiseland Preschool Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within AZ. Charities of a similar size with the same main cause include Sunshine and Rainbows Early Learning Center ($340k), Southern Arizona Arts Guild ($340k) and No Limit Health and Education Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $90k (32% of expenses). Other salaries and wages came to $94k. At year end it held assets of $163k against liabilities of $3,837, net assets of $159k.