Mt Vernon Day Care Center Inc

Analysis

Mt Vernon Day Care Center Inc is a registered charity in United States, based in Mt Vernon, NY. It received its IRS tax-exemption ruling in March 1962, 64 years ago. 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 December 2023, Mt Vernon Day Care Center Inc reported income of $1.0m and spending of $1.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $969k to $1.0m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mt Vernon Day Care Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Devotion Primary Extended Day Program ($1.0m), Riverhead Community Awareness Program Inc ($1.0m) and Northeast Social Action Program Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 86% of the total. Compensation of current officers, directors and key employees was $85k (7.7% of expenses). Other salaries and wages came to $650k. At year end it held assets of $555k against liabilities of $113k, net assets of $442k. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.