Stepping Stones Preschool Ltd

Analysis

Stepping Stones Preschool Ltd is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in March 1979, 47 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, Stepping Stones Preschool Ltd reported income of $990k and spending of $837k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $468k to $990k (+111%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stepping Stones Preschool Ltd 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 79th percentile, and in the 76th percentile within AZ. Charities of a similar size with the same main cause include Lighthouse Christian School ($989k), Emerging Industries Training Institute Inc ($990k) and Pathway School Inc ($988k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $117k (14% of expenses). Other salaries and wages came to $471k. At year end it held assets of $511k against liabilities of $22k, net assets of $489k. It reported 30 employees.