Gingham Giraffe Preschool Inc
Gingham Giraffe Preschool: Strong Financials, High Program Spending
EIN: 223058386 · Chatham, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $214K |
| Transparency Score | 85/100 |
Is Gingham Giraffe Preschool Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gingham Giraffe Preschool Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gingham Giraffe Preschool Inc
Gingham Giraffe Preschool Inc (EIN: 223058386) is a nonprofit organization based in Chatham, NJ. The organization reported total revenue of $1.0M and total assets of $234K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gingham Giraffe Preschool Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gingham Giraffe Preschool Inc is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$9K |
| Total Assets | $434K |
| Total Liabilities | $221K |
| Net Assets | $214K |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 50.8% |
| Months of Reserves | 4.6 months |
Financial Health Grade: A
In 2023, Gingham Giraffe Preschool Inc reported a surplus of $9K with revenue exceeding expenses, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 50.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gingham Giraffe Preschool Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.9% | +23.9% | -1.2% |
| 2022 | +58.7% | +43.2% | +53.9% |
| 2021 | +69.1% | +12.0% | +85.7% |
| 2020 | -20.5% | -7.1% | -14.5% |
| 2019 | -11.5% | +2.6% | -16.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Gingham Giraffe Preschool Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Gingham Giraffe Preschool Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.8%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and mission, it is likely reasonable and aligned with similar non-profits.
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.
Strengths
The following positive indicators were identified for Gingham Giraffe Preschool Inc:
- Consistently high program spending, averaging 85% of total expenses in recent years.
- Healthy asset growth, with assets increasing from $150,446 in 2016 to $434,448 in 2023.
- Strong revenue generation, consistently exceeding $1 million in recent years (e.g., $1,142,038 in 2023).
Frequently Asked Questions about Gingham Giraffe Preschool Inc
Is Gingham Giraffe Preschool Inc a legitimate charity?
Gingham Giraffe Preschool Inc (EIN: 223058386) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Gingham Giraffe Preschool Inc spend its money?
Gingham Giraffe Preschool Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gingham Giraffe Preschool Inc tax-deductible?
Gingham Giraffe Preschool Inc is registered as a tax-exempt nonprofit (EIN: 223058386). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gingham Giraffe Preschool Inc's spending goes to programs?
Gingham Giraffe Preschool Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Gingham Giraffe Preschool Inc located?
Gingham Giraffe Preschool Inc is headquartered in Chatham, New Jersey and files with the IRS under EIN 223058386.
How many years of IRS 990 filings does Gingham Giraffe Preschool Inc have?
Gingham Giraffe Preschool Inc has 13 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 $1.0M in total revenue.
What does Gingham Giraffe Preschool Inc do?
Gingham Giraffe Preschool Inc is a nonprofit organization in the Unknown sector, located in Chatham, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Gingham Giraffe Preschool Inc have?
Gingham Giraffe Preschool Inc reported total revenue of $1,019,135. Based on 13 IRS 990 filings on record.
What are Gingham Giraffe Preschool Inc's total assets?
Gingham Giraffe Preschool Inc holds total assets of $233,924 as reported in IRS 990 filings.
Where is Gingham Giraffe Preschool Inc located?
Gingham Giraffe Preschool Inc is based in Chatham, New Jersey.
What is Gingham Giraffe Preschool Inc's EIN?
Gingham Giraffe Preschool Inc's Employer Identification Number (EIN) is 223058386. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Gingham Giraffe Preschool Inc?
Gingham Giraffe Preschool Inc is classified under NTEE code Unknown (Unknown).
Is Gingham Giraffe Preschool Inc a registered 501(c)(3)?
Gingham Giraffe Preschool Inc appears in IRS records (EIN: 223058386). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Gingham Giraffe Preschool Inc file IRS Form 990?
Yes, Gingham Giraffe Preschool Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Gingham Giraffe Preschool Inc's revenue in 2023?
In the 202306 filing period, Gingham Giraffe Preschool Inc reported total revenue of $1,142,038, total expenses of $1,132,821, and net assets of $434,448.
Is Gingham Giraffe Preschool Inc's revenue growing or declining?
Gingham Giraffe Preschool Inc's revenue is declining. Revenue went from $1,213,933 (202206) to $1,142,038 (202306), a -5.9% change. Based on 13 filings on record.
What is Gingham Giraffe Preschool Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Gingham Giraffe Preschool Inc covers tax period 202306. It shows revenue of $1,142,038, expenses of $1,132,821, total assets of $434,448, and liabilities of $220,500.
How much does Gingham Giraffe Preschool Inc spend on programs vs administration?
Based on IRS 990 analysis, Gingham Giraffe Preschool Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Gingham Giraffe Preschool Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Gingham Giraffe Preschool Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Gingham Giraffe Preschool Inc's strengths?
Positive indicators for Gingham Giraffe Preschool Inc include: Consistently high program spending, averaging 85% of total expenses in recent years.. Healthy asset growth, with assets increasing from $150,446 in 2016 to $434,448 in 2023.. Strong revenue generation, consistently exceeding $1 million in recent years (e.g., $1,142,038 in 2023).. These findings are derived from AI analysis of the organization's financial filings.
How does Gingham Giraffe Preschool Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and mission, it is likely reasonable and aligned with similar non-profits. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Gingham Giraffe Preschool manage to maintain such a high program spending percentage while also growing its assets significantly?
The organization appears to effectively manage its operational costs and fundraising efforts, allowing a substantial portion of its revenue to be directed towards programs while still accumulating assets. This suggests efficient resource allocation and potentially strong donor support for program-specific initiatives.
Filing History
IRS 990 filing history for Gingham Giraffe Preschool Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gingham Giraffe Preschool Inc's revenue has grown by 29%, moving from $885K to $1.1M. Total assets decreased by 5% over the same period, from $457K to $434K. Total functional expenses rose by 35.8%, from $834K to $1.1M. In its most recent filing year (2023), Gingham Giraffe Preschool Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $221K in liabilities against $434K in assets (debt-to-asset ratio: 50.8%), resulting in net assets of $214K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $434K | $221K | — | — |
| 2022 | $1.2M | $914K | $440K | $2K | — | View 990 |
| 2021 | $765K | $638K | $286K | $147K | — | — |
| 2020 | $452K | $570K | $154K | $142K | — | View 990 |
| 2019 | $569K | $613K | $180K | $51K | — | View 990 |
| 2018 | $642K | $597K | $216K | $42K | — | View 990 |
| 2017 | $617K | $583K | $200K | $71K | — | View 990 |
| 2016 | $607K | $732K | $150K | $56K | — | View 990 |
| 2015 | $684K | $760K | $314K | $94K | — | View 990 |
| 2014 | $667K | $764K | $386K | $91K | — | View 990 |
| 2013 | $827K | $800K | $476K | $83K | — | View 990 |
| 2012 | $930K | $840K | $468K | $102K | — | View 990 |
| 2011 | $885K | $834K | $457K | $181K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $434K (revenue -5.9% year-over-year).
- 2022: Revenue of $1.2M, expenses of $914K, and assets of $440K (revenue +58.7% year-over-year).
- 2021: Revenue of $765K, expenses of $638K, and assets of $286K (revenue +69.1% year-over-year).
- 2020: Revenue of $452K, expenses of $570K, and assets of $154K (revenue -20.5% year-over-year).
- 2019: Revenue of $569K, expenses of $613K, and assets of $180K (revenue -11.5% year-over-year).
- 2018: Revenue of $642K, expenses of $597K, and assets of $216K (revenue +4.1% year-over-year).
- 2017: Revenue of $617K, expenses of $583K, and assets of $200K (revenue +1.7% year-over-year).
- 2016: Revenue of $607K, expenses of $732K, and assets of $150K (revenue -11.3% year-over-year).
- 2015: Revenue of $684K, expenses of $760K, and assets of $314K (revenue +2.5% year-over-year).
- 2014: Revenue of $667K, expenses of $764K, and assets of $386K (revenue -19.3% year-over-year).
- 2013: Revenue of $827K, expenses of $800K, and assets of $476K (revenue -11.0% year-over-year).
- 2012: Revenue of $930K, expenses of $840K, and assets of $468K (revenue +5.1% year-over-year).
- 2011: Revenue of $885K, expenses of $834K, and assets of $457K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gingham Giraffe Preschool Inc:
Data Sources and Methodology
This transparency report for Gingham Giraffe 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.