Canaan Child Care Center Inc

Analysis

Canaan Child Care Center Inc is a registered charity in United States, based in Canaan, CT. It received its IRS tax-exemption ruling in December 1975, 51 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 June 2024, Canaan Child Care Center Inc reported income of $311k and spending of $382k, spending 123% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $247k to $311k (+26%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canaan Child Care Center Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within CT. Charities of a similar size with the same main cause include St Lucas Riverside Apartments Inc ($311k), Morro Bay Guerilla Gardening Club ($311k) and Cecil County Arts Council Inc ($311k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $72k (19% of expenses). Other salaries and wages came to $206k. At year end it held assets of $216k against liabilities of $0, net assets of $216k. It reported 11 employees.