Sonshine Preschool Inc
EIN: 421490950 · Oskaloosa, IA · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $158K |
| Total Expenses | $130K |
| Net Assets | $117K |
Is Sonshine 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 Sonshine Preschool Inc
Sonshine Preschool Inc (EIN: 421490950) is a nonprofit organization based in Oskaloosa, IA, classified under NTEE code B21. The organization reported total revenue of $158K and total assets of $138K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sonshine Preschool Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sonshine Preschool Inc is a small nonprofit that has been operating for 12 years, with 15 years of IRS 990 filings on record (2009–2024). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $125K |
| Total Expenses | $130K |
| Surplus / Deficit | $-5,155 |
| Total Assets | $121K |
| Total Liabilities | $4K |
| Net Assets | $117K |
| Operating Margin | -4.1% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 11.2 months |
Financial Health Grade: B
In 2024, Sonshine Preschool Inc reported a deficit of $5K with expenses exceeding revenue, holds 11.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 15 years of filings (2009–2024), Sonshine Preschool Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -15.5% | -8.8% | -3.6% |
| 2023 | +19.4% | +18.6% | +5.3% |
| 2022 | -5.4% | -8.7% | +3.2% |
| 2021 | +7.6% | +12.1% | -0.7% |
| 2020 | -1.9% | +13.4% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sonshine 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 Sonshine 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.6%.
Frequently Asked Questions about Sonshine Preschool Inc
Is Sonshine Preschool Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sonshine Preschool Inc (EIN: 421490950) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sonshine Preschool Inc spend its money?
Detailed spending breakdown data is not yet available for Sonshine Preschool Inc. Check back for updated IRS 990 analysis.
Are donations to Sonshine Preschool Inc tax-deductible?
Sonshine Preschool Inc is registered as a tax-exempt nonprofit (EIN: 421490950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sonshine Preschool Inc located?
Sonshine Preschool Inc is headquartered in Oskaloosa, Iowa and files with the IRS under EIN 421490950. It is classified under NTEE code B21.
How many years of IRS 990 filings does Sonshine Preschool Inc have?
Sonshine Preschool Inc has 15 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 $158K in total revenue.
Filing History
IRS 990 filing history for Sonshine Preschool Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2009–2024), Sonshine Preschool Inc's revenue has grown by 185.4%, moving from $44K to $125K. Total assets increased by 471.4% over the same period, from $21K to $121K. Total functional expenses rose by 178.3%, from $47K to $130K. In its most recent filing year (2024), Sonshine Preschool Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $4K in liabilities against $121K in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $117K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $125K | $130K | $121K | $4K | — | — |
| 2023 | $148K | $143K | $126K | $4K | — | View 990 |
| 2022 | $124K | $121K | $120K | $3K | — | View 990 |
| 2021 | $131K | $132K | $116K | $3K | — | — |
| 2020 | $122K | $118K | $117K | $3K | — | View 990 |
| 2019 | $124K | $104K | $112K | $3K | — | View 990 |
| 2018 | $126K | $118K | $91K | $2K | — | View 990 |
| 2017 | $118K | $114K | $83K | $2K | — | View 990 |
| 2016 | $123K | $114K | $79K | $2K | — | View 990 |
| 2015 | $121K | $106K | $70K | $2K | — | View 990 |
| 2014 | $106K | $101K | $55K | $2K | — | View 990 |
| 2012 | $100K | $96K | $36K | $1K | — | View 990 |
| 2011 | $115K | $110K | $33K | $2K | — | View 990 |
| 2010 | $107K | $99K | $29K | $2K | — | View 990 |
| 2009 | $44K | $47K | $21K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $125K, expenses of $130K, and assets of $121K (revenue -15.5% year-over-year).
- 2023: Revenue of $148K, expenses of $143K, and assets of $126K (revenue +19.4% year-over-year).
- 2022: Revenue of $124K, expenses of $121K, and assets of $120K (revenue -5.4% year-over-year).
- 2021: Revenue of $131K, expenses of $132K, and assets of $116K (revenue +7.6% year-over-year).
- 2020: Revenue of $122K, expenses of $118K, and assets of $117K (revenue -1.9% year-over-year).
- 2019: Revenue of $124K, expenses of $104K, and assets of $112K (revenue -1.5% year-over-year).
- 2018: Revenue of $126K, expenses of $118K, and assets of $91K (revenue +7.0% year-over-year).
- 2017: Revenue of $118K, expenses of $114K, and assets of $83K (revenue -4.1% year-over-year).
- 2016: Revenue of $123K, expenses of $114K, and assets of $79K (revenue +1.5% year-over-year).
- 2015: Revenue of $121K, expenses of $106K, and assets of $70K (revenue +14.6% year-over-year).
- 2014: Revenue of $106K, expenses of $101K, and assets of $55K (revenue +6.0% year-over-year).
- 2012: Revenue of $100K, expenses of $96K, and assets of $36K (revenue -12.9% year-over-year).
- 2011: Revenue of $115K, expenses of $110K, and assets of $33K (revenue +6.9% year-over-year).
- 2010: Revenue of $107K, expenses of $99K, and assets of $29K (revenue +144.4% year-over-year).
- 2009: Revenue of $44K, expenses of $47K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sonshine Preschool Inc:
Data Sources and Methodology
This transparency report for Sonshine 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.