Acre Family Child Care Inc

Analysis

Acre Family Child Care Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Acre Family Child Care Inc reported income of $8.6m and spending of $7.3m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $8.6m (+56%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Acre Family Child Care Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Young Mens Christian Association of Ridgewood NJ ($8.6m), Maple Village ($8.6m) and North Shore Senior Center ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $251k (3.5% of expenses). Other salaries and wages came to $951k. At year end it held assets of $9.4m against liabilities of $1.4m, net assets of $8.0m. It reported 21 employees.