Saugatuck Child Care Services Inc

Analysis

Saugatuck Child Care Services Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in May 1981, 45 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 August 2023, Saugatuck Child Care Services Inc reported income of $4.1m and spending of $4.0m, spending 97% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $2.7m to $4.1m (+54%), an average of +16% a year. The sharpest change came in the year to August 2021, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Saugatuck Child Care Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Foundations for Home and Community Inc ($4.1m), Aim-High Child Care Center Inc ($4.1m) and Western Fairfax Christian Ministries ($4.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $134k (3.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.1m against liabilities of $1.4m, net assets of $713k. It reported 65 employees.