Los Gatos-Saratoga Observation Nursery School

Analysis

Los Gatos-Saratoga Observation Nursery School is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in November 1968, 58 years ago. 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, Los Gatos-Saratoga Observation Nursery School reported income of $345k and spending of $275k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $391k to $345k (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2022, when income rose by 187%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Gatos-Saratoga Observation Nursery School sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Lupus Society of Illinois ($345k), College Media Advisers Inc ($345k) and Sunflower Community Action Inc ($345k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $45k (16% of expenses). Other salaries and wages came to $140k. At year end it held assets of $1.2m against liabilities of $7,719, net assets of $1.2m. It reported 14 employees.