Glad Tidings Preschool Inc
EIN: 721402773 · Lake Charles, LA · NTEE: P33
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Net Assets | $284K |
Is Glad Tidings Preschool Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Glad Tidings Preschool Inc
Glad Tidings Preschool Inc (EIN: 721402773) is a nonprofit organization based in Lake Charles, LA, classified under NTEE code P33. The organization reported total revenue of $1.4M and total assets of $446K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glad Tidings Preschool Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glad Tidings Preschool Inc is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-53,373 |
| Total Assets | $836K |
| Total Liabilities | $552K |
| Net Assets | $284K |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 66.0% |
| Months of Reserves | 7.6 months |
Financial Health Grade: C
In 2023, Glad Tidings Preschool Inc reported a deficit of $53K with expenses exceeding revenue, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 66.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Glad Tidings Preschool Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.7% | +17.6% | -17.8% |
| 2022 | -5.3% | +18.0% | +47.2% |
| 2021 | +30.4% | -0.8% | +128.0% |
| 2020 | -14.7% | -16.0% | +45.9% |
| 2019 | -9.5% | +7.2% | -30.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Glad Tidings Preschool Inc 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 Glad Tidings Preschool Inc 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 deficit of $53K, with expenses exceeding revenue.
- Debt-to-asset ratio: 66.0%.
Frequently Asked Questions about Glad Tidings Preschool Inc
Is Glad Tidings Preschool Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Glad Tidings Preschool Inc (EIN: 721402773) insufficient data. 0 red flags identified, 0 strengths noted.
How does Glad Tidings Preschool Inc spend its money?
Detailed spending breakdown data is not yet available for Glad Tidings Preschool Inc. Check back for updated IRS 990 analysis.
Are donations to Glad Tidings Preschool Inc tax-deductible?
Glad Tidings Preschool Inc is registered as a tax-exempt nonprofit (EIN: 721402773). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Glad Tidings Preschool Inc located?
Glad Tidings Preschool Inc is headquartered in Lake Charles, Louisiana and files with the IRS under EIN 721402773. It is classified under NTEE code P33.
How many years of IRS 990 filings does Glad Tidings Preschool Inc have?
Glad Tidings 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Glad Tidings Preschool Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glad Tidings Preschool Inc's revenue has grown by 42.2%, moving from $896K to $1.3M. Total assets increased by 391.3% over the same period, from $170K to $836K. Total functional expenses rose by 52.4%, from $871K to $1.3M. In its most recent filing year (2023), Glad Tidings Preschool Inc reported a deficit of $53K, with expenses exceeding revenue. The organization holds $552K in liabilities against $836K in assets (debt-to-asset ratio: 66.0%), resulting in net assets of $284K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $836K | $552K | — | — |
| 2022 | $1.1M | $1.1M | $1.0M | $680K | — | View 990 |
| 2021 | $1.2M | $956K | $691K | $335K | — | — |
| 2020 | $899K | $963K | $303K | $162K | — | View 990 |
| 2019 | $1.1M | $1.1M | $208K | $3K | — | View 990 |
| 2018 | $1.2M | $1.1M | $301K | $3K | — | View 990 |
| 2017 | $1.3M | $1.2M | $226K | $24K | — | View 990 |
| 2016 | $1.2M | $1.3M | $173K | $68K | — | View 990 |
| 2015 | $1.1M | $1.0M | $198K | $4K | — | View 990 |
| 2014 | $877K | $892K | $160K | $0 | — | View 990 |
| 2013 | $894K | $858K | $174K | $10K | — | View 990 |
| 2012 | $832K | $849K | $148K | $19K | — | View 990 |
| 2011 | $896K | $871K | $170K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $836K (revenue +14.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $1.0M (revenue -5.3% year-over-year).
- 2021: Revenue of $1.2M, expenses of $956K, and assets of $691K (revenue +30.4% year-over-year).
- 2020: Revenue of $899K, expenses of $963K, and assets of $303K (revenue -14.7% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $208K (revenue -9.5% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.1M, and assets of $301K (revenue -10.1% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $226K (revenue +8.8% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.3M, and assets of $173K (revenue +12.6% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.0M, and assets of $198K (revenue +20.6% year-over-year).
- 2014: Revenue of $877K, expenses of $892K, and assets of $160K (revenue -1.8% year-over-year).
- 2013: Revenue of $894K, expenses of $858K, and assets of $174K (revenue +7.4% year-over-year).
- 2012: Revenue of $832K, expenses of $849K, and assets of $148K (revenue -7.1% year-over-year).
- 2011: Revenue of $896K, expenses of $871K, and assets of $170K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glad Tidings Preschool Inc:
Data Sources and Methodology
This transparency report for Glad Tidings 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.