Central Preschool for the Arts

Analysis

Central Preschool for the Arts is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in May 2022, 4 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 2022, Central Preschool for the Arts reported income of $75k and spending of $86k, spending 114% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $63k to $75k (+19%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Preschool for the Arts sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 36th percentile within SC. Charities of a similar size with the same main cause include Whitesville Public Library ($75k), Elk Grove High School Band Boosters ($75k) and Musselman High School Band Boosters Inc ($75k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $57k against liabilities of $8,255, net assets of $48k.