Torrington Child Care Center Inc

Analysis

Torrington Child Care Center Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in March 1989, 37 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 September 2023, Torrington Child Care Center Inc reported income of $823k and spending of $805k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $666k to $823k (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2021, when income rose by 31%. 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, Torrington Child Care Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Team Summit Association Inc ($823k), Canal Corridor Association ($823k) and Wausaukee Rescue Squad Inc ($823k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $525k. At year end it held assets of $398k against liabilities of $28k, net assets of $370k. It reported 14 employees.