Starrett Early Learning Center

Analysis

Starrett Early Learning Center is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1979, 47 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 December 2023, Starrett Early Learning Center reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $860k to $1.4m (+65%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Starrett Early Learning Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include AIDS Task Force of Laporte and Porter Counties Inc ($1.4m), I B H Foundation Inc ($1.4m) and Inspiration Hills ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Other salaries and wages came to $893k. At year end it held assets of $534k against liabilities of $586k, net assets of -$53k. It reported 18 employees.