First Step Day Care Inc

Analysis

First Step Day Care Inc is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, First Step Day Care Inc reported income of $549k and spending of $549k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $407k to $549k (+35%), an average of +7.7% a year. The sharpest change came in the year to August 2021, when income rose by 53%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Step Day Care Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Out of the Ashes Inc ($549k), Help 4 Kids Florence ($549k) and Holbrook Senior Citizens Association ($549k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Other salaries and wages came to $350k. At year end it held assets of $306k against liabilities of $16k, net assets of $290k. It reported 25 employees.