Central Preschool for the Arts

Nonprofit profile at a glance

EIN
863251064
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Spartanburg, SC, USA
Phone
8645827245
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions
Affiliation
Christianity

Reported finances

Revenue
$143,424
Expenses
$134,522
Assets
$68,945
Liabilities
$1,339

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • BRITTANY WOLFE (EXECUTIVE DIRECTOR)

People named in this filing

  • LYNN PROCTOR (BOARD MEMBER)
  • JULIE AYERS (BOARD MEMBER)
  • JOHN SIMMONS (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Central methodist preschool for the arts empowers children to let their light shine through the arts, in a nurturing and faith-based environment. We encourage both academic and social growth that is cultivated through play, creative exploration, hands-on experiences with the arts and nature, and engaging cooperation with their peers and mentors.

What it reported doing in 2024

Provide childcare services

Operating model

Revenue model
Earned-program. 83% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 100
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.1%; rating input score 83
  • Program expense ratio: 88.5%; rating input score 89

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 6.2%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 0.51; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 23.2%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 21.6% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 29.2% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 5.2% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 83.1% of revenue deployed · 88.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $119K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 50/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.