Laurelwood Preschool Association

Analysis

Laurelwood Preschool Association is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in November 1972, 54 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, Laurelwood Preschool Association reported income of $158k and spending of $223k, spending 141% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $192k to $158k (-18%), an average of -6.3% a year. The sharpest change came in the year to June 2023, when income rose by 4912%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laurelwood Preschool Association 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 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Hands of Hope for the Community Inc ($158k), Troy Music Booster Inc ($158k) and Forsyth Descendants Foundation Inc ($158k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Other salaries and wages came to $163k. At year end it held assets of $124k against liabilities of $1, net assets of $124k.

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.