Park Slope Child Care Collective

Analysis

Park Slope Child Care Collective is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 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 August 2023, Park Slope Child Care Collective reported income of $1.6m and spending of $1.4m, spending 86% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.6m (+36%), an average of +11% a year. The sharpest change came in the year to August 2021, when income rose by 25%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park Slope Child Care Collective sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Glastonbury Volunteer Ambulance Association Inc ($1.6m), 10-33 Ambulance Service Limited ($1.6m) and Interfaith Refugee Ministry Inc ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $357k (26% of expenses). Other salaries and wages came to $511k. At year end it held assets of $1.2m against liabilities of $842k, net assets of $374k. It reported 17 employees.