Cape Fear Child Development Center

Analysis

Cape Fear Child Development Center is a registered charity in United States, based in Hampstead, NC. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Cape Fear Child Development Center reported income of $807k and spending of $749k, spending 93% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $431k to $807k (+87%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cape Fear Child Development Center sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Furman Youth Association Inc ($806k), Vernon Lee Amateur Gymnastics Academy ($807k) and Rockville Centre Soccer Club Inc C O V Bohn ($805k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $121k (16% of expenses). Other salaries and wages came to $261k. At year end it held assets of $35k against liabilities of $20k, net assets of $15k. It reported 21 employees.