Oak Lane Child Care Center of Pleasantville Inc

Analysis

Oak Lane Child Care Center of Pleasantville Inc is a registered charity in United States, based in Chappaqua, NY. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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, Oak Lane Child Care Center of Pleasantville Inc reported income of $1.4m and spending of $1.4m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.4m (+36%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oak Lane Child Care Center of Pleasantville Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Spanish American Merchants Association ($1.4m), Habitat for Humanity International Inc ($1.4m) and Merrill Park Civic Association of Springfield Gardens Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $108k (7.6% of expenses). Other salaries and wages came to $882k. At year end it held assets of $1.1m against liabilities of $261k, net assets of $800k. It reported 21 employees.