Hand in Hand Early Childhood Center Inc

Analysis

Hand in Hand Early Childhood Center Inc is a registered charity in United States, based in Lowville, NY. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Hand in Hand Early Childhood Center Inc reported income of $1.2m and spending of $1.5m, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $537k to $1.2m (+132%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hand in Hand Early Childhood 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 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Queensborough Community College Fund Inc ($1.2m), Hudson Lab School ($1.2m) and Monroe 1 Boces Educational Foundation Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $62k (4.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $377k against liabilities of $405k, net assets of -$28k. It reported 58 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.