Cypress Hills Child Care Corporation

Analysis

Cypress Hills Child Care Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cypress Hills Child Care Corporation reported income of $3.9m and spending of $3.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.9m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cypress Hills Child Care Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Eastco Diversified Services ($3.9m), United Friends Group Homes ($3.9m) and Hospice East Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $131k (3.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.6m against liabilities of $3.3m, net assets of $1.4m. It reported 55 employees.