Gan Day Care Center

Analysis

Gan Day Care Center is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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, Gan Day Care Center reported income of $4.7m and spending of $4.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $4.7m (+87%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gan Day Care Center sits at the 92nd percentile: it is larger than about 92% 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 Credit Builders Alliance Inc ($4.7m), Independent Living Choices ($4.7m) and Valley View Community Food Assistance ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $1.7m against liabilities of $2.0m, net assets of -$310k. It reported 82 employees.