Rena Day Care Centers Inc

Analysis

Rena Day Care Centers Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1975, 51 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, Rena Day Care Centers Inc reported income of $11.1m and spending of $10.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $11.1m (+49%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rena Day Care Centers 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 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Alternative Services Inc of Connecticut ($11.1m), Visions Services for the Blind and Visually Impaired ($11.1m) and Easter Seals Western and Central Pennsylvania ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $123k (1.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.4m against liabilities of $1.5m, net assets of $947k. It reported 64 employees.