Childcare Network of Niagara Frontier Inc

Analysis

Childcare Network of Niagara Frontier Inc is a registered charity in United States, based in Williamsville, NY. It received its IRS tax-exemption ruling in October 2016, 10 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, Childcare Network of Niagara Frontier Inc reported income of $5.2m and spending of $4.6m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $5.2m (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childcare Network of Niagara Frontier Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Rhode Island Indian Council Inc ($5.2m), Envisage Life ($5.2m) and Mutual Ground Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $77k (1.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $2.8m against liabilities of $161k, net assets of $2.6m. It reported 360 employees.