Waltham Day Care Center Inc

Analysis

Waltham Day Care Center Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in June 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Waltham Day Care Center Inc reported income of $655k and spending of $621k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $524k to $655k (+25%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waltham Day Care Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Comprehensive Personal Care Services Inc ($655k), Promo Fund ($655k) and St Teresa Center for Works of Mercy ($655k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Other salaries and wages came to $448k. At year end it held assets of $512k against liabilities of $69k, net assets of $443k. It reported 11 employees.