Parkside Community Preschool

Analysis

Parkside Community Preschool is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in October 1967, 59 years ago. 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, Parkside Community Preschool reported income of $803k and spending of $717k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $629k to $803k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parkside Community Preschool sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OR. Charities of a similar size with the same main cause include Oregon Daycare Inc ($803k), Association for Retarded Citizens Cherokee-Clay Inc ($803k) and Metropolitan Tenants Organization ($803k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $62k (8.7% of expenses). Other salaries and wages came to $454k. At year end it held assets of $1.0m against liabilities of $13k, net assets of $992k. It reported 37 employees.