Grateful Hearts Childcare & Preschool Ltd

Analysis

Grateful Hearts Childcare & Preschool Ltd is a registered charity in United States, based in Fitchburg, WI. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Grateful Hearts Childcare & Preschool Ltd reported income of $614k and spending of $675k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $524k to $614k (+17%), an average of +8.2% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grateful Hearts Childcare & Preschool Ltd sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include Charles County Childrens Aid Society Inc ($614k), Community Initiatives Inc ($614k) and Union City Family Support Center ($614k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $51k (7.6% of expenses). Other salaries and wages came to $360k. At year end it held assets of $32k against liabilities of $420, net assets of $31k. It reported 22 employees.