Ark Preschool
EIN: 274071082 · Rockwall, TX · NTEE: B21
Is Ark Preschool Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ark Preschool
Ark Preschool (EIN: 274071082) is a nonprofit organization based in Rockwall, TX, classified under NTEE code B21. The organization reported total revenue of $967K and total assets of $839K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ark Preschool's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ark Preschool is a small nonprofit that has been operating for 4 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 25.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$163K |
| Total Assets | $1.0M |
| Total Liabilities | $11K |
| Net Assets | $1.0M |
| Operating Margin | 13.9% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 12.1 months |
Financial Health Grade: A
In 2023, Ark Preschool reported a surplus of $163K with revenue exceeding expenses, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Ark Preschool's revenue has grown at a compound annual growth rate (CAGR) of 25.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | +11.3% | +76.0% |
| 2022 | +32.4% | +15.9% | +82.8% |
| 2021 | +47.1% | +4.6% | +130.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ark Preschool has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ark Preschool with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $163K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Frequently Asked Questions about Ark Preschool
Is Ark Preschool a legitimate charity?
Based on AI analysis of IRS 990 filings, Ark Preschool (EIN: 274071082) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ark Preschool spend its money?
Detailed spending breakdown data is not yet available for Ark Preschool. Check back for updated IRS 990 analysis.
Are donations to Ark Preschool tax-deductible?
Ark Preschool is registered as a tax-exempt nonprofit (EIN: 274071082). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Ark Preschool showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Ark Preschool's revenue has grown by 95.5%, moving from $599K to $1.2M. Total assets increased by 643.1% over the same period, from $137K to $1.0M. Total functional expenses rose by 35%, from $747K to $1.0M. In its most recent filing year (2023), Ark Preschool reported a surplus of $163K, with revenue exceeding expenses. The organization holds $11K in liabilities against $1.0M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.0M | $1.0M | $11K | — | View 990 |
| 2022 | $1.2M | $906K | $578K | $952 | — | View 990 |
| 2021 | $882K | $781K | $316K | $111K | — | — |
| 2020 | $599K | $747K | $137K | $151K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.0M, and assets of $1.0M (revenue +0.3% year-over-year).
- 2022: Revenue of $1.2M, expenses of $906K, and assets of $578K (revenue +32.4% year-over-year).
- 2021: Revenue of $882K, expenses of $781K, and assets of $316K (revenue +47.1% year-over-year).
- 2020: Revenue of $599K, expenses of $747K, and assets of $137K.
Data Sources and Methodology
This transparency report for Ark Preschool is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.