Nicholas Cardell Day Care Center Inc

Analysis

Nicholas Cardell Day Care Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Nicholas Cardell Day Care Center Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $788k to $1.1m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 31%. 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, Nicholas Cardell Day Care Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Diamonds and Pearls Residential Care Homes Inc ($1.1m), Wesley Community Center ($1.1m) and Lighthouse ($1.1m).

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 $111k (10% of expenses). Other salaries and wages came to $576k. At year end it held assets of $330k against liabilities of $306k, net assets of $24k. It reported 23 employees.