Our Redeemer Child Care Center Inc

Analysis

Our Redeemer Child Care Center Inc is a registered charity in United States, based in Foxboro, MA. It received its IRS tax-exemption ruling in January 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 December 2023, Our Redeemer Child Care Center Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $902k to $1.1m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 90%. 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, Our Redeemer Child Care Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Korean American Community Foundation of San Francisco ($1.1m), The Eli Home Inc ($1.1m) and New Opportunities ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $88k (7.8% of expenses). Other salaries and wages came to $647k. At year end it held assets of $304k against liabilities of $23k, net assets of $281k. It reported 34 employees.