Center Preschool Inc
Center Preschool Inc. faces significant deficit and zero assets in latest filing after period of growth.
EIN: 202938972 · Meriden, CT · NTEE: B21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $184K |
| Total Expenses | $380K |
| Program Spending | 80% |
| Transparency Score | 65/100 |
Is Center Preschool Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Center Preschool Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Center Preschool Inc
Center Preschool Inc (EIN: 202938972) is a nonprofit organization based in Meriden, CT, classified under NTEE code B21. The organization reported total revenue of $184K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center Preschool Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center Preschool Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $184K |
| Total Expenses | $380K |
| Surplus / Deficit | $-195,721 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -106.1% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2024, Center Preschool Inc reported a deficit of $196K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2011–2024), Center Preschool Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -54.6% | +8.4% | -100.0% |
| 2023 | +16.9% | +3.7% | +38.4% |
| 2022 | +12.8% | +11.3% | +6.9% |
| 2021 | +10.0% | +8.7% | +74.4% |
| 2020 | -10.4% | -6.8% | +140.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Center Preschool Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Center Preschool Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $196K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing funds to the organization's mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Center Preschool Inc's IRS 990 filings:
- Significant deficit in the latest filing period (202406) where expenses ($380,194) more than doubled revenue ($184,473).
- Zero assets reported in the latest filing (202406), indicating a precarious financial position.
- Highly volatile financial performance, with assets fluctuating from $200,153 in 202306 to $0 in 202406.
Strengths
The following positive indicators were identified for Center Preschool Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong commitment to mission-focused spending.
- Long filing history (14 filings), suggesting a commitment to transparency and compliance.
- Demonstrated ability to generate over $300,000 in revenue in previous years (e.g., $406,319 in 202306), indicating past operational capacity.
Frequently Asked Questions about Center Preschool Inc
Is Center Preschool Inc a legitimate charity?
Center Preschool Inc (EIN: 202938972) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $184K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Center Preschool Inc spend its money?
Center Preschool Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Center Preschool Inc tax-deductible?
Center Preschool Inc is registered as a tax-exempt nonprofit (EIN: 202938972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Center Preschool Inc's spending goes to programs?
Center Preschool Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Center Preschool Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Center Preschool Inc is above average for NTEE category B21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Center Preschool Inc located?
Center Preschool Inc is headquartered in Meriden, Connecticut and files with the IRS under EIN 202938972. It is classified under NTEE code B21.
How many years of IRS 990 filings does Center Preschool Inc have?
Center Preschool Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $184K in total revenue.
What caused the significant drop in revenue and the large deficit in the 202406 filing period?
The IRS 990 data shows revenue decreased from $406,319 in 202306 to $184,473 in 202406, while expenses increased from $350,793 to $380,194, leading to a substantial deficit and zero assets. The specific reasons are not detailed in the provided data.
How does Center Preschool Inc. plan to address its current financial deficit and lack of assets?
The provided IRS 990 data does not include strategic plans or explanations for financial recovery. This information would typically be found in the organization's annual report or financial statements beyond the basic 990 summary.
What is the typical program spending ratio for organizations with NTEE code B21 (Preschools)?
While a specific benchmark for NTEE B21 is not provided in the data, a program spending ratio of 80% (as estimated in the breakdown) is generally considered strong for a nonprofit, indicating a focus on its core mission.
Filing History
IRS 990 filing history for Center Preschool Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Center Preschool Inc's revenue has declined by 33.1%, moving from $276K to $184K. Total assets decreased by 100% over the same period, from $40K to $0. Total functional expenses rose by 44.9%, from $262K to $380K. In its most recent filing year (2024), Center Preschool Inc reported a deficit of $196K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $184K | $380K | $0 | $0 | — | — |
| 2023 | $406K | $351K | $200K | $4K | — | — |
| 2022 | $348K | $338K | $145K | $4K | — | View 990 |
| 2021 | $308K | $304K | $135K | $58K | — | — |
| 2020 | $280K | $279K | $78K | $49K | — | View 990 |
| 2019 | $312K | $300K | $32K | $4K | — | View 990 |
| 2018 | $280K | $295K | $20K | $4K | — | View 990 |
| 2017 | $289K | $282K | $36K | $5K | — | View 990 |
| 2016 | $288K | $298K | $33K | $10K | — | View 990 |
| 2015 | $296K | $291K | $48K | $14K | — | View 990 |
| 2014 | $291K | $284K | $53K | $25K | — | View 990 |
| 2013 | $287K | $290K | $55K | $32K | — | View 990 |
| 2012 | $260K | $268K | $64K | $39K | — | View 990 |
| 2011 | $276K | $262K | $40K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $184K, expenses of $380K, and assets of $0 (revenue -54.6% year-over-year).
- 2023: Revenue of $406K, expenses of $351K, and assets of $200K (revenue +16.9% year-over-year).
- 2022: Revenue of $348K, expenses of $338K, and assets of $145K (revenue +12.8% year-over-year).
- 2021: Revenue of $308K, expenses of $304K, and assets of $135K (revenue +10.0% year-over-year).
- 2020: Revenue of $280K, expenses of $279K, and assets of $78K (revenue -10.4% year-over-year).
- 2019: Revenue of $312K, expenses of $300K, and assets of $32K (revenue +11.7% year-over-year).
- 2018: Revenue of $280K, expenses of $295K, and assets of $20K (revenue -3.4% year-over-year).
- 2017: Revenue of $289K, expenses of $282K, and assets of $36K (revenue +0.6% year-over-year).
- 2016: Revenue of $288K, expenses of $298K, and assets of $33K (revenue -2.8% year-over-year).
- 2015: Revenue of $296K, expenses of $291K, and assets of $48K (revenue +1.9% year-over-year).
- 2014: Revenue of $291K, expenses of $284K, and assets of $53K (revenue +1.2% year-over-year).
- 2013: Revenue of $287K, expenses of $290K, and assets of $55K (revenue +10.3% year-over-year).
- 2012: Revenue of $260K, expenses of $268K, and assets of $64K (revenue -5.7% year-over-year).
- 2011: Revenue of $276K, expenses of $262K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center Preschool Inc:
Data Sources and Methodology
This transparency report for Center Preschool Inc 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.