Belmont Community Day Care Center Inc

Analysis

Belmont Community Day Care Center Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1972, 54 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, Belmont Community Day Care Center Inc reported income of $1.6m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.6m (-14%), an average of -3.6% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Belmont Community Day Care Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Team Joseph Inc ($1.6m), Sister Dulce Foundation ($1.6m) and Childrens Assessment Center ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $192k (12% of expenses). Other salaries and wages came to $902k. At year end it held assets of $719k against liabilities of $117k, net assets of $602k. It reported 27 employees.