Tremont Monterey Day Care Center Inc

Analysis

Tremont Monterey Day Care Center Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 1976, 50 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, Tremont Monterey Day Care Center Inc reported income of $12.7m and spending of $12.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.9m to $12.7m (-8.6%), an average of -2.2% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tremont Monterey Day Care Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Terrebonne Arc ($12.7m), Workforce Midsouth Inc ($12.7m) and Emmaus Calling Inc ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Other salaries and wages came to $804k. At year end it held assets of $3.0m against liabilities of $2.4m, net assets of $603k. It reported 25 employees.