Holiness Pentecostal Day Care

Analysis

Holiness Pentecostal Day Care is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, Holiness Pentecostal Day Care reported income of $844k and spending of $820k, spending 97% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $792k to $844k (+6.6%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 208%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holiness Pentecostal Day Care sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include New Hope Christian Academy of Southern Illinois ($844k), Montessori Middle School of Odessa ($844k) and Kingdom Kids Preparatory School Inc ($844k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $68k (8.2% of expenses). Other salaries and wages came to $356k. At year end it held assets of $108k against liabilities of $41k, net assets of $68k.