Springfield Day Nursery Corporation

Analysis

Springfield Day Nursery Corporation is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in August 1959, 67 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Springfield Day Nursery Corporation reported income of $11.2m and spending of $10.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $11.2m (+25%), an average of +5.6% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Springfield Day Nursery Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Friends Fellowship Community Inc ($11.2m), Junta de Accion Puertorriquena Inc Puerto Rican Action Board Inc ($11.2m) and Kids Voice of Indiana Inc ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $199k (1.9% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $9.7m against liabilities of $2.0m, net assets of $7.7m. It reported 201 employees.