Variety Child Learning Center

Analysis

Variety Child Learning Center is a registered charity in United States, based in Syosset, NY. It received its IRS tax-exemption ruling in June 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Variety Child Learning Center reported income of $21.9m and spending of $22.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.2m to $21.9m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Variety Child Learning Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Regina Coeli Child Development Center ($21.9m), Appletree Institute for Education Innovation Inc ($21.9m) and University of Arkansas Fayetteville Campus Foundation Inc ($21.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $529k (2.4% of expenses). Other salaries and wages came to $15.1m. At year end it held assets of $8.3m against liabilities of $2.8m, net assets of $5.5m. It reported 463 employees.