A Child Becomes Preschool

Analysis

A Child Becomes Preschool is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, A Child Becomes Preschool reported income of $827k and spending of $828k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $575k to $827k (+44%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, A Child Becomes Preschool sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Advanced Cyber Security Center Inc ($826k), Odyssey Early Learning Center ($827k) and Waldorf Association of Cape Cod Massachusetts Inc ($826k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $142k (17% of expenses). Other salaries and wages came to $342k. At year end it held assets of $49k against liabilities of $40k, net assets of $9,529. It reported 26 employees.