Precious People Preschool Inc
EIN: 421359734 · Lenox, IA · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $322K |
| Total Expenses | $329K |
| Net Assets | $158K |
Is Precious People 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 Precious People Preschool Inc
Precious People Preschool Inc (EIN: 421359734) is a nonprofit organization based in Lenox, IA, classified under NTEE code B21. The organization reported total revenue of $322K and total assets of $179K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Precious People Preschool Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Precious People Preschool Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $266K |
| Total Expenses | $329K |
| Surplus / Deficit | $-63,140 |
| Total Assets | $158K |
| Total Liabilities | $476 |
| Net Assets | $158K |
| Operating Margin | -23.8% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 5.8 months |
Financial Health Grade: B
In 2023, Precious People Preschool Inc reported a deficit of $63K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Precious People Preschool Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -58.9% | -39.9% | -28.8% |
| 2022 | +98.7% | +60.8% | +83.8% |
| 2021 | -15.1% | -16.5% | -12.3% |
| 2020 | -7.9% | +19.6% | -14.2% |
| 2019 | +19.9% | -5.4% | +81.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Precious People 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 Precious People 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 $63K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Precious People Preschool Inc
Is Precious People Preschool Inc a legitimate charity?
Precious People Preschool Inc (EIN: 421359734) is a registered tax-exempt nonprofit based in Iowa. It has 13 years of IRS 990 filings on record. Total revenue: $322K. No red flags identified. Financial health grade: B.
How does Precious People Preschool Inc spend its money?
Precious People Preschool Inc reported $322K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Precious People Preschool Inc tax-deductible?
Precious People Preschool Inc is registered as a tax-exempt nonprofit (EIN: 421359734). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Precious People Preschool Inc located?
Precious People Preschool Inc is headquartered in Lenox, Iowa and files with the IRS under EIN 421359734. It is classified under NTEE code B21.
How many years of IRS 990 filings does Precious People Preschool Inc have?
Precious People 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 $322K in total revenue.
Filing History
IRS 990 filing history for Precious People Preschool Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Precious People Preschool Inc's revenue has grown by 186.4%, moving from $93K to $266K. Total assets increased by 453% over the same period, from $29K to $158K. Total functional expenses rose by 255.7%, from $92K to $329K. In its most recent filing year (2023), Precious People Preschool Inc reported a deficit of $63K, with expenses exceeding revenue. The organization holds $476 in liabilities against $158K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $158K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $266K | $329K | $158K | $476 | — | — |
| 2022 | $647K | $547K | $222K | $1K | — | View 990 |
| 2021 | $326K | $340K | $121K | $1K | — | View 990 |
| 2020 | $384K | $407K | $138K | $4K | — | View 990 |
| 2019 | $416K | $341K | $160K | $5K | — | View 990 |
| 2018 | $347K | $360K | $88K | $9K | — | View 990 |
| 2017 | $296K | $292K | $97K | $4K | — | View 990 |
| 2016 | $351K | $285K | $93K | $5K | — | View 990 |
| 2015 | $218K | $214K | $35K | $7K | — | View 990 |
| 2014 | $207K | $189K | $33K | $9K | — | View 990 |
| 2013 | $120K | $125K | $25K | $15K | — | View 990 |
| 2012 | $153K | $154K | $31K | $15K | — | View 990 |
| 2011 | $93K | $92K | $29K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $266K, expenses of $329K, and assets of $158K (revenue -58.9% year-over-year).
- 2022: Revenue of $647K, expenses of $547K, and assets of $222K (revenue +98.7% year-over-year).
- 2021: Revenue of $326K, expenses of $340K, and assets of $121K (revenue -15.1% year-over-year).
- 2020: Revenue of $384K, expenses of $407K, and assets of $138K (revenue -7.9% year-over-year).
- 2019: Revenue of $416K, expenses of $341K, and assets of $160K (revenue +19.9% year-over-year).
- 2018: Revenue of $347K, expenses of $360K, and assets of $88K (revenue +17.5% year-over-year).
- 2017: Revenue of $296K, expenses of $292K, and assets of $97K (revenue -15.8% year-over-year).
- 2016: Revenue of $351K, expenses of $285K, and assets of $93K (revenue +61.3% year-over-year).
- 2015: Revenue of $218K, expenses of $214K, and assets of $35K (revenue +5.3% year-over-year).
- 2014: Revenue of $207K, expenses of $189K, and assets of $33K (revenue +72.8% year-over-year).
- 2013: Revenue of $120K, expenses of $125K, and assets of $25K (revenue -21.7% year-over-year).
- 2012: Revenue of $153K, expenses of $154K, and assets of $31K (revenue +64.7% year-over-year).
- 2011: Revenue of $93K, expenses of $92K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Precious People Preschool Inc:
Data Sources and Methodology
This transparency report for Precious People 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.