Melrose Day Care Center Inc

Analysis

Melrose Day Care Center Inc is a registered charity in United States, based in Melrose, MA. It received its IRS tax-exemption ruling in October 1971, 55 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, Melrose Day Care Center Inc reported income of $2.3m and spending of $2.0m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.3m (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Melrose Day Care Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Valley Transit ($2.3m), Rainey Institute ($2.3m) and Theosophical Society in America ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 83% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $1.9m against liabilities of $165k, net assets of $1.8m. It reported 78 employees.