Phelps Child Care Center Inc

Analysis

Phelps Child Care Center Inc is a registered charity in United States, based in Sleepy Hollow, NY. It received its IRS tax-exemption ruling in October 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Phelps Child Care Center Inc reported income of $3.1m and spending of $2.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.1m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Phelps Child Care Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Infant Toddler Childrens Center Inc ($3.1m), Michigan League for Public Policy ($3.1m) and Arrowhead Ranch ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $107k (3.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.5m against liabilities of $1.0m, net assets of $4.5m. It reported 63 employees.