Kent-Meridian Preschool Co-Operative

Analysis

Kent-Meridian Preschool Co-Operative is a registered charity in United States, based in Kent, WA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. 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 2023, Kent-Meridian Preschool Co-Operative reported income of $70k and spending of $65k, spending 94% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $37k to $70k (+88%), an average of +37% a year. The sharpest change came in the year to June 2022, when income rose by 112%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kent-Meridian Preschool Co-Operative sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 22nd percentile within WA. Charities of a similar size with the same main cause include Alliance Public Schools Foundation ($70k), Child Friendly Courts Foundation ($70k) and The Victim Witness Assistance Corp ($70k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.