Lancaster Preschool

Analysis

Lancaster Preschool is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 2020, 6 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 June 2024, Lancaster Preschool reported income of $626k and spending of $522k, spending 83% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $567k to $626k (+10%), an average of +3.4% a year. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lancaster Preschool sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Chases Place Inc ($626k), Durham Literacy Center Inc ($626k) and Cultivators ($626k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $36k (6.8% of expenses). Other salaries and wages came to $347k. At year end it held assets of $545k against liabilities of $99k, net assets of $445k. It reported 45 employees.