Montrose Child Care Center Inc

Analysis

Montrose Child Care Center Inc is a registered charity in United States, based in Montrose, NY. It received its IRS tax-exemption ruling in March 1990, 36 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 August 2023, Montrose Child Care Center Inc reported income of $802k and spending of $762k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $576k to $802k (+39%), an average of +8.6% a year. The sharpest change came in the year to August 2021, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montrose Child Care Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Scripps Ranch Soccer Club Incorporated ($802k), New Mexico Junior College Foundation ($802k) and Nami-Arkansas ($802k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $56k (7.3% of expenses). Other salaries and wages came to $519k. At year end it held assets of $235k against liabilities of $34k, net assets of $201k. It reported 33 employees.