Venice Parents Daycare and Preschool

Analysis

Venice Parents Daycare and Preschool is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Venice Parents Daycare and Preschool reported income of $566k and spending of $618k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $659k to $566k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Venice Parents Daycare and Preschool sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Vision Mexico ($566k), Lifework Leadership First Coast ($566k) and Missaukee Agricultural Youth Show Falmouth Michigan ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $73k (12% of expenses). Other salaries and wages came to $304k. At year end it held assets of $382k against liabilities of $0, net assets of $382k. It reported 10 employees.