Magnolia Preschool

Analysis

Magnolia Preschool is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2019, 7 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 July 2024, Magnolia Preschool reported income of $441k and spending of $433k, spending 98% of its income. Across the 6 years on record, from July 2019 to July 2024, income fell from $587k to $441k (-25%), an average of -5.5% a year. The sharpest change came in the year to July 2022, when income rose by 45%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Magnolia Preschool 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 67th percentile within WA. Charities of a similar size with the same main cause include Wild Rockies Field Institute Inc ($441k), Pearson College of the Pacific Usfoundation ($441k) and Seattle Scottish Highland Games Assn Inc ($441k).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $266k (61% of expenses). At year end it held assets of $316k against liabilities of $0, net assets of $316k. It reported 10 employees.