Harbor Day Care Center Inc

Analysis

Harbor Day Care Center Inc is a registered charity in United States, based in Mineola, NY. It received its IRS tax-exemption ruling in September 1974, 52 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 August 2024, Harbor Day Care Center Inc reported income of $13.9m and spending of $13.8m, spending 99% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $8.5m to $13.9m (+65%), an average of +13% a year. The sharpest change came in the year to August 2023, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harbor Day Care Center Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include St Joseph Healthcare Foundation ($13.9m), West Coast Conference ($13.9m) and Inly School Inc ($13.9m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $8.4m. At year end it held assets of $6.7m against liabilities of $4.8m, net assets of $1.9m. It reported 375 employees.