Vincentian Child Development Center

Analysis

Vincentian Child Development Center is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vincentian Child Development Center reported income of $2.1m and spending of $2.5m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.1m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vincentian Child Development Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include The University Heights Center for ($2.1m), LTC Eddy Inc ($2.1m) and Pike Market Child Care and Preschool ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.3m against liabilities of $709k, net assets of $598k. It reported 39 employees.