Early Learning Child Care Inc

Analysis

Early Learning Child Care Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Early Learning Child Care Inc reported income of $2.0m and spending of $1.9m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $2.0m (+89%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Early Learning Child Care Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Digital Ready Inc ($2.0m), Martinsville Giving Nest Inc ($2.0m) and Career Compass of Louisiana ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $104k (5.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $884k against liabilities of $180k, net assets of $703k. It reported 38 employees.