Child Development Center Corporation

Analysis

Child Development Center Corporation is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Child Development Center Corporation reported income of $832k and spending of $831k, spending 100% of its income. Across the 5 years on record, from September 2019 to June 2023, income grew from $635k to $832k (+31%), an average of +7.0% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Child Development Center Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Parents Inc of New Jersey ($832k), Serve Our Willing Warriors ($832k) and Asociacion Puertoriquena de Servic Y Ayuda Al Paciente Con Sida ($832k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $513k. At year end it held assets of $1.4m against liabilities of $72k, net assets of $1.4m. It reported 44 employees.