Melrose Daycare Preschool
EIN: 421525483 · Iowa City, IA · NTEE: P33
| Metric | Value |
|---|---|
| Total Revenue | $342K |
| Total Expenses | $327K |
| Net Assets | $108K |
Is Melrose Daycare Preschool Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Melrose Daycare Preschool
Melrose Daycare Preschool (EIN: 421525483) is a nonprofit organization based in Iowa City, IA, classified under NTEE code P33. The organization reported total revenue of $342K and total assets of $69K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Melrose Daycare Preschool's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Melrose Daycare Preschool is a small nonprofit that has been operating for 2 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $252K |
| Total Expenses | $327K |
| Surplus / Deficit | $-75,473 |
| Total Assets | $113K |
| Total Liabilities | $5K |
| Net Assets | $108K |
| Operating Margin | -30.0% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2023, Melrose Daycare Preschool reported a deficit of $75K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 4.3% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Melrose Daycare 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 Melrose Daycare 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 deficit of $75K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.3%.
Frequently Asked Questions about Melrose Daycare Preschool
Is Melrose Daycare Preschool a legitimate charity?
Melrose Daycare Preschool (EIN: 421525483) is a registered tax-exempt nonprofit based in Iowa. Total revenue: $342K. No red flags identified. Financial health grade: B.
How does Melrose Daycare Preschool spend its money?
Melrose Daycare Preschool reported $342K in total revenue in IRS 990 filings. 1 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Melrose Daycare Preschool tax-deductible?
Melrose Daycare Preschool is registered as a tax-exempt nonprofit (EIN: 421525483). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Melrose Daycare Preschool located?
Melrose Daycare Preschool is headquartered in Iowa City, Iowa and files with the IRS under EIN 421525483. It is classified under NTEE code P33.
Filing History
IRS 990 filing history for Melrose Daycare Preschool showing financial trends over 1 year of public records:
In its most recent filing year (2023), Melrose Daycare Preschool reported a deficit of $75K, with expenses exceeding revenue. The organization holds $5K in liabilities against $113K in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $108K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $252K | $327K | $113K | $5K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Melrose Daycare Preschool:
Data Sources and Methodology
This transparency report for Melrose Daycare 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.