Mount St Marys Child Care Center Inc

Analysis

Mount St Marys Child Care Center Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 1998, 28 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 December 2023, Mount St Marys Child Care Center Inc reported income of $637k and spending of $836k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $597k to $637k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 125% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount St Marys Child Care Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Rollingstone Community School ($637k), Saratoga Education Foundation ($637k) and California League of Middle Schools ($637k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $590k. At year end it held assets of $780k against liabilities of $571k, net assets of $209k.

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.