Cane Child Development Center

Analysis

Cane Child Development Center is a registered charity in United States, based in Wakefield, RI. It received its IRS tax-exemption ruling in February 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Cane Child Development Center reported income of $239k and spending of $334k, spending 140% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $323k to $239k (-26%), an average of -9.6% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cane Child Development Center sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within RI. Charities of a similar size with the same main cause include Love Inc of Greater Cushing ($239k), Jewish Center LLC ($239k) and Erins Hope for Friends Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $247k. At year end it held assets of $91k against liabilities of $9,990, net assets of $81k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.