Lake Placid Child Care Committee Inc

Analysis

Lake Placid Child Care Committee Inc is a registered charity in United States, based in Lake Placid, NY. It received its IRS tax-exemption ruling in April 1993, 33 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 July 2023, Lake Placid Child Care Committee Inc reported income of $114k and spending of $101k, spending 89% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $96k to $114k (+20%), an average of +20% a year. The sharpest change came in the year to July 2023, when income rose by 20%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Placid Child Care Committee Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Salem Nutrition Center ($114k), Grandview Volunteer Fire Department Inc ($114k) and Anahuac Volunteer Fire Department ($114k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. At year end it held assets of $100k against liabilities of $26, net assets of $100k.