Teachers Pets Child Care Center Inc

Analysis

Teachers Pets Child Care Center Inc is a registered charity in United States, based in Simsbury, CT. It received its IRS tax-exemption ruling in June 1993, 33 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 December 2023, Teachers Pets Child Care Center Inc reported income of $940k and spending of $1.1m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $940k (-49%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Teachers Pets Child Care Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Horizon Counseling Inc ($940k), Charities for Central California Veterans Inc ($940k) and Lets Celebrate ($940k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $57k (5.4% of expenses). Other salaries and wages came to $671k. At year end it held assets of $47k against liabilities of $651k, net assets of -$603k.