Solid Foundation Preschool

Analysis

Solid Foundation Preschool is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in September 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, Solid Foundation Preschool reported income of $866k and spending of $863k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $330k to $866k (+162%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Solid Foundation Preschool sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Maayan Hatorah Day School ($866k), Port Townsend School of Woodworking ($866k) and PS Science ($865k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $220k (25% of expenses). Other salaries and wages came to $475k. At year end it held assets of $241k against liabilities of -$25k, net assets of $266k. It reported 36 employees.