Morley Extended Daycare Inc

Analysis

Morley Extended Daycare Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in March 1992, 34 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 September 2023, Morley Extended Daycare Inc reported income of $338k and spending of $324k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $252k to $338k (+34%), an average of +7.6% a year. The sharpest change came in the year to September 2022, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Morley Extended Daycare Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Youth Alternatives Inc ($338k), Paraklesis Inc ($338k) and Tulare County Foundation for Ag Education and Youth ($338k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $75k (23% of expenses). Other salaries and wages came to $156k. At year end it held assets of $102k against liabilities of $2,185, net assets of $100k. It reported 27 employees.