Precious Lamb Preschool Inc

Analysis

Precious Lamb Preschool Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Precious Lamb Preschool Inc reported income of $1.6m and spending of $1.1m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $703k to $1.6m (+131%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Precious Lamb Preschool Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Pennsylvania State Athletic Conference ($1.6m), Stand Together Fellowship ($1.6m) and St Georges Independent Schools Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $66k (6.1% of expenses). Other salaries and wages came to $605k. At year end it held assets of $2.5m against liabilities of $48k, net assets of $2.5m. It reported 24 employees.