Garden of Faith Preschool & School of Arts Inc

Analysis

Garden of Faith Preschool & School of Arts Inc is a registered charity in United States, based in Bunnell, FL. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Garden of Faith Preschool & School of Arts Inc reported income of $1.2m and spending of $844k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $158k to $1.2m (+639%), an average of +95% a year. The sharpest change came in the year to December 2021, when income rose by 165%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Garden of Faith Preschool & School of Arts Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Chicano Park Museum and Cultual Center ($1.2m), Colonel Museum Inc ($1.2m) and Arts Orange County ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Other salaries and wages came to $333k. At year end it held assets of $1.5m against liabilities of $893k, net assets of $589k. It reported 31 employees.