Merrimack Valley Day Care Service

Analysis

Merrimack Valley Day Care Service is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in April 1968, 58 years ago. 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 December 2023, Merrimack Valley Day Care Service reported income of $2.6m and spending of $2.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.6m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merrimack Valley Day Care Service sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NH. Charities of a similar size with the same main cause include Center for Union Facts ($2.6m), Del-Mor Dwellings Corp ($2.6m) and Boy Scouts of America ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $85k (3.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.4m against liabilities of $258k, net assets of $1.1m. It reported 75 employees.