Branford Early Learning Center Inc

Analysis

Branford Early Learning Center Inc is a registered charity in United States, based in Branford, CT. It received its IRS tax-exemption ruling in October 1973, 53 years ago. 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, Branford Early Learning Center Inc reported income of $885k and spending of $1.0m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $745k to $885k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Branford Early Learning Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include National Society to Prevent Blindness ($885k), Federal Funds Information for States Incorporated ($885k) and Drumright Memorial Hospital Foundation ($885k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $79k (7.9% of expenses). Other salaries and wages came to $608k. At year end it held assets of $383k against liabilities of $3,064, net assets of $380k. It reported 23 employees.