Community Day Care Center of Lawrence Inc

Analysis

Community Day Care Center of Lawrence Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in January 1973, 53 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 June 2023, Community Day Care Center of Lawrence Inc reported income of $148.4m and spending of $144.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $95.5m to $148.4m (+55%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Day Care Center of Lawrence Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Child Care Associates ($147.7m), National Park Foundation ($151.6m) and Healthright 360 ($147.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $496k (0.3% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $54.0m against liabilities of $17.2m, net assets of $36.8m. It reported 405 employees.