Sapphire Early Learning Center

Analysis

Sapphire Early Learning Center is a registered charity in United States, based in Stevensville, MT. It received its IRS tax-exemption ruling in September 2021, 5 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, Sapphire Early Learning Center reported income of $425k and spending of $420k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $353k to $425k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sapphire Early Learning Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MT. Charities of a similar size with the same main cause include Piermont Public Library ($425k), City Innovation School Inc ($425k) and Fox Pacific Academy ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $46k (11% of expenses). Other salaries and wages came to $230k. At year end it held assets of $24k against liabilities of $43k, net assets of -$19k. It reported 14 employees.