Williamsburg Infant and Early Childhood Development Center Inc

Analysis

Williamsburg Infant and Early Childhood Development Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Williamsburg Infant and Early Childhood Development Center Inc reported income of $23.9m and spending of $22.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.0m to $23.9m (+99%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Williamsburg Infant and Early Childhood Development Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include National Regency of New Berlin Inc ($23.8m), Area Resources for Community and Human Services ($23.9m) and Franklin United Methodist Home Inc ($23.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $175k (0.8% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $14.0m against liabilities of $4.8m, net assets of $9.2m. It reported 360 employees.