Lake Shore Child Care Center Inc

Analysis

Lake Shore Child Care Center Inc is a registered charity in United States, based in Irving, NY. It received its IRS tax-exemption ruling in February 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lake Shore Child Care Center Inc reported income of $1.0m and spending of $997k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $821k to $1.0m (+24%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Shore 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 79th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Hospice Foundation of Palm Beach County Inc ($1.0m), Young Mens Christian Association of Chilton County Alabama Inc ($1.0m) and Harbor House Foundation Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Other salaries and wages came to $731k. At year end it held assets of $671k against liabilities of $141k, net assets of $531k. It reported 44 employees.