Purple Circle Day Care Center Inc

Analysis

Purple Circle Day Care Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2021, Purple Circle Day Care Center Inc reported income of $1.1m and spending of $1.2m, spending 118% of what it took in. Across the 3 years on record, from August 2019 to August 2021, income fell from $1.5m to $1.1m (-31%), an average of -17% a year. The sharpest change came in the year to August 2021, when income dropped by 27%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Purple Circle 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 76th percentile within NY. Charities of a similar size with the same main cause include Southern Virginia Higher Education Foundation Inc ($1.1m), Greenforest-Mccalep Christian Acade Mic Center Inc ($1.1m) and American Congregational Association ($1.1m).

On its Form 990 for the period ending August 2021, revenue came from contributions and grants 0.8% and program service revenue 73% of the total. Other salaries and wages came to $806k. At year end it held assets of $1.9m against liabilities of $1.3m, net assets of $601k.