London Bridge Child Care Center Inc

Analysis

London Bridge Child Care Center Inc is a registered charity in United States, based in E Greenwich, RI. It received its IRS tax-exemption ruling in April 1998, 28 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, London Bridge Child Care Center Inc reported income of $376k and spending of $451k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $376k (+0.3%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, London Bridge Child Care Center Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 61st percentile within RI. Charities of a similar size with the same main cause include Living Environmental Foundation Inc ($376k), Center for Financial Empowerment ($376k) and Advocates Victim Assistance Team ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $86k (19% of expenses). Other salaries and wages came to $226k. At year end it held assets of $72k against liabilities of $0, net assets of $72k.