Kirkland Preschool

Analysis

Kirkland Preschool is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in December 1981, 45 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 June 2023, Kirkland Preschool reported income of $164k and spending of $195k, spending 118% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income fell from $208k to $164k (-21%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kirkland Preschool sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within WA. Charities of a similar size with the same main cause include Southern Methodist College ($164k), Indianapolis Chinese Community Center Inc ($164k) and Sunnymont Westside Nursery School ($164k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $40k (21% of expenses). Other salaries and wages came to $90k. At year end it held assets of $119k against liabilities of $55k, net assets of $63k. It reported 11 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.