Child Care Solutions Inc

Analysis

Child Care Solutions Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in March 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Child Care Solutions Inc reported income of $6.4m and spending of $5.1m, spending 80% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.6m to $6.4m (+80%), an average of +16% a year. The sharpest change came in the year to August 2021, when income rose by 30%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Child Care Solutions Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Boys & Girls Club of San Fernando Valley ($6.4m), Church of the Valley Retirement Homes Inc ($6.4m) and Second Alarmers Assn & Rescue Squad of Montgomery County Inc ($6.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $274k (5.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $6.2m against liabilities of $795k, net assets of $5.4m. It reported 51 employees.