Canton Day Care Center Inc

Analysis

Canton Day Care Center Inc is a registered charity in United States, based in Canton, NY. It received its IRS tax-exemption ruling in April 1978, 48 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 December 2023, Canton Day Care Center Inc reported income of $998k and spending of $1.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $689k to $998k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canton Day Care Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Ruth Chapman & Andrew G Cowles Memorial Trustfc ($998k), West Hartford All Sports Council Inc ($998k) and Florida TLC Child Care Inc ($998k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $725k. At year end it held assets of $1.4m against liabilities of $839k, net assets of $540k. It reported 46 employees.