Albany Preschool

Analysis

Albany Preschool is a registered charity in United States, based in Albany, CA. It received its IRS tax-exemption ruling in July 1992, 34 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 June 2024, Albany Preschool reported income of $451k and spending of $415k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $177k to $451k (+155%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albany Preschool sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Liahona Give Back ($451k), Wyoming Before and After School Care ($451k) and 100 Black Men of Madison Inc ($451k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $351 (0.1% of expenses). Other salaries and wages came to $257k. At year end it held assets of $601k against liabilities of $69k, net assets of $532k. It reported 10 employees.