Covington Coop Preschool

Analysis

Covington Coop Preschool is a registered charity in United States, based in Covington, WA. It received its IRS tax-exemption ruling in December 1980, 46 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 2024, Covington Coop Preschool reported income of $57k and spending of $60k, spending 106% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $56k to $57k (+1.3%), an average of +1.3% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Covington Coop Preschool sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 17th percentile within WA. Charities of a similar size with the same main cause include Georgia Extension 4-H Foundation ($57k), PTA Texas Congress ($57k) and Key Manor Apartments Inc ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 6.7% and program service revenue 75% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.