Strong Place Day Care Center Inc

Analysis

Strong Place Day Care Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Strong Place Day Care Center Inc reported income of $4.7m and spending of $4.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $4.7m (+8.0%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Strong Place Day Care Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Supportive Housing Communities Inc ($4.7m), Familymeans ($4.7m) and Trulight127 Ministries Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $2.7m against liabilities of $963k, net assets of $1.7m. It reported 93 employees.