First Friends Daycare Inc

Analysis

First Friends Daycare Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in March 2002, 24 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 August 2023, First Friends Daycare Inc reported income of $1.7m and spending of $1.7m, spending 95% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $1.2m to $1.7m (+44%), an average of +13% a year. The sharpest change came in the year to August 2021, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Friends Daycare 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 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Good Samaritan Rescue Mission ($1.7m), Dulles South Food Pantry ($1.7m) and Helping Others to Live Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $107k (6.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.7m against liabilities of $745k, net assets of $1.0m. It reported 58 employees.