First Steps Preschool

Analysis

First Steps Preschool is a registered charity in United States, based in Huber Heights, OH. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, First Steps Preschool reported income of $161k and spending of $250k, spending 155% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $377k to $161k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Steps Preschool sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Branham High School Music Boosters Association ($161k), McKinney Boyd High School Band Boosters ($162k) and Leal Elementary Arts Program Leap ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.