Little L A M B Preschool
Little L A M B Preschool faces significant financial challenges with persistent deficits and growing liabilities.
EIN: 133875724 · Staten Island, NY · NTEE: B21I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $3.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2.8 |
| Net Assets | $-1,952,296 |
| Transparency Score | 45/100 |
Is Little L A M B Preschool Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Little L A M B Preschool directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Little L A M B Preschool
Little L A M B Preschool (EIN: 133875724) is a nonprofit organization based in Staten Island, NY, classified under NTEE code B21I. The organization reported total revenue of $2.8M and total assets of $901K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Little L A M B Preschool's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Little L A M B Preschool is a mid-size nonprofit that has been operating for 29 years, with 11 years of IRS 990 filings on record (2010–2021). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-519,371 |
| Total Assets | $901K |
| Total Liabilities | $2.9M |
| Net Assets | $-1,952,296 |
| Operating Margin | -18.3% |
| Debt-to-Asset Ratio | 316.7% |
| Months of Reserves | 3.2 months |
Financial Health Grade: C
In 2021, Little L A M B Preschool reported a deficit of $519K with expenses exceeding revenue, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 316.7% (high leverage).
Financial Trends
Over 11 years of filings (2010–2021), Little L A M B Preschool's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -24.9% | -21.8% | +23.7% |
| 2020 | -5.4% | +2.4% | +61.5% |
| 2019 | +6.2% | +3.6% | -11.1% |
| 2018 | -2.1% | -0.2% | -1.2% |
| 2017 | -1.6% | -4.3% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
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 Little L A M B Preschool with a Mission Score of 45 out of 100 (Fair). 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, Little L A M B Preschool 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $519K, with expenses exceeding revenue.
- Debt-to-asset ratio: 316.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that officers may be unpaid or compensated through mechanisms not categorized as direct officer compensation on the 990 forms. This is unusual for an organization of its size, with revenues historically exceeding $2.8 million.
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 Little L A M B Preschool's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in most recent years (e.g., $3,357,247 expenses vs. $2,837,876 revenue in 2021).
- High and increasing liabilities relative to assets ($2,853,010 liabilities vs. $900,714 assets in 2021).
- Declining revenue trend from $4,529,101 in 2014 to $2,837,876 in 2021.
- Lack of reported officer compensation, which is unusual for an organization with multi-million dollar revenues.
Strengths
The following positive indicators were identified for Little L A M B Preschool:
- Consistent IRS 990 filing history (11 filings), indicating good compliance and transparency.
- Focus on a clear mission (preschool education, NTEE B21I).
Frequently Asked Questions about Little L A M B Preschool
Is Little L A M B Preschool a legitimate charity?
Based on AI analysis of IRS 990 filings, Little L A M B Preschool (EIN: 133875724) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Little L A M B Preschool spend its money?
Little L A M B Preschool directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Little L A M B Preschool tax-deductible?
Little L A M B Preschool is registered as a tax-exempt nonprofit (EIN: 133875724). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Little L A M B Preschool CEO make?
Little L A M B Preschool's highest-compensated officer earns $2.8 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Little L A M B Preschool's spending goes to programs?
Little L A M B Preschool directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Little L A M B Preschool compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Little L A M B Preschool is near average for NTEE category B21I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Little L A M B Preschool located?
Little L A M B Preschool is headquartered in Staten Island, New York and files with the IRS under EIN 133875724. It is classified under NTEE code B21I.
How many years of IRS 990 filings does Little L A M B Preschool have?
Little L A M B Preschool has 11 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 $2.8M in total revenue.
Is Little L A M B Preschool a good charity?
While the organization provides preschool services, its financial stability is a significant concern due to consistent operating deficits and high liabilities relative to assets. This could impact its long-term ability to deliver on its mission.
Why are liabilities so high?
Liabilities have steadily increased, reaching $2,853,010 in 2021, largely due to expenses consistently exceeding revenue over multiple years. For example, in 2021, expenses were $3,357,247 while revenue was $2,837,876, contributing to the growing debt.
What is the trend in revenue and expenses?
Revenue has generally declined from a high of $4,529,101 in 2014 to $2,837,876 in 2021, while expenses have also decreased but not enough to prevent consistent deficits. Expenses have exceeded revenue in most reported periods since 2013.
Is the organization transparent?
The organization has a good filing history with 11 IRS 990 filings available, indicating a commitment to regular financial reporting and transparency.
What is the significance of 0% officer compensation?
The reported 0% officer compensation across all filings is unusual for an organization of this size. It could mean that officers are volunteers, or their compensation is reported under different expense categories, which would require further investigation to fully understand.
Filing History
IRS 990 filing history for Little L A M B Preschool showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2021), Little L A M B Preschool's revenue has declined by 38.3%, moving from $4.6M to $2.8M. Total assets increased by 4358.1% over the same period, from $20K to $901K. Total functional expenses fell by 28.5%, from $4.7M to $3.4M. In its most recent filing year (2021), Little L A M B Preschool reported a deficit of $519K, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $901K in assets (debt-to-asset ratio: 316.7%), resulting in net assets of $-1,952,296.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $2.8M | $3.4M | $901K | $2.9M | — | View 990 |
| 2020 | $3.8M | $4.3M | $728K | $2.2M | — | View 990 |
| 2019 | $4.0M | $4.2M | $451K | $1.4M | — | View 990 |
| 2018 | $3.8M | $4.0M | $507K | $1.7M | — | View 990 |
| 2017 | $3.8M | $4.1M | $514K | $1.4M | — | View 990 |
| 2016 | $3.9M | $4.2M | $536K | $1.3M | — | View 990 |
| 2014 | $4.5M | $4.4M | $411K | $674K | — | View 990 |
| 2013 | $4.5M | $4.6M | $429K | $791K | — | View 990 |
| 2012 | $4.4M | $4.4M | $288K | $531K | — | View 990 |
| 2011 | $4.4M | $4.4M | $348K | $632K | — | View 990 |
| 2010 | $4.6M | $4.7M | $20K | $340K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $2.8M, expenses of $3.4M, and assets of $901K (revenue -24.9% year-over-year).
- 2020: Revenue of $3.8M, expenses of $4.3M, and assets of $728K (revenue -5.4% year-over-year).
- 2019: Revenue of $4.0M, expenses of $4.2M, and assets of $451K (revenue +6.2% year-over-year).
- 2018: Revenue of $3.8M, expenses of $4.0M, and assets of $507K (revenue -2.1% year-over-year).
- 2017: Revenue of $3.8M, expenses of $4.1M, and assets of $514K (revenue -1.6% year-over-year).
- 2016: Revenue of $3.9M, expenses of $4.2M, and assets of $536K (revenue -13.8% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.4M, and assets of $411K (revenue +0.1% year-over-year).
- 2013: Revenue of $4.5M, expenses of $4.6M, and assets of $429K (revenue +1.8% year-over-year).
- 2012: Revenue of $4.4M, expenses of $4.4M, and assets of $288K (revenue +0.2% year-over-year).
- 2011: Revenue of $4.4M, expenses of $4.4M, and assets of $348K (revenue -3.7% year-over-year).
- 2010: Revenue of $4.6M, expenses of $4.7M, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Little L A M B Preschool:
Data Sources and Methodology
This transparency report for Little L A M B 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.