Little Friends Preschool

Analysis

Little Friends Preschool is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Little Friends Preschool reported income of $284k and spending of $299k, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $378k to $284k (-25%), an average of -9.1% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Little Friends Preschool sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include Orange County Ny Arts Council Inc ($284k), Columbus Opportunity Scholarship Fund Inc ($284k) and Troy Area School District Foundation ($283k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $129k (43% of expenses). Other salaries and wages came to $87k. At year end it held assets of $86k against liabilities of $4,472, net assets of $81k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.