Steele Cooperative Preschool

Analysis

Steele Cooperative Preschool is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 1946, 80 years ago. 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, Steele Cooperative Preschool reported income of $164k and spending of $123k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $153k to $164k (+7.0%), an average of +3.4% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steele Cooperative Preschool sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within CO. Charities of a similar size with the same main cause include Friends of the Chico Community Ballet Inc ($164k), Manistee Recreation Association ($164k) and Beaver County Historical Research ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $61k (49% of expenses). At year end it held assets of $551k against liabilities of $195k, net assets of $356k. It reported 3 employees.