Centro Mater Child Care Servicesinc

Analysis

Centro Mater Child Care Servicesinc is a registered charity in United States, based in Laud Lakes, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Centro Mater Child Care Servicesinc reported income of $14.8m and spending of $14.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $14.8m (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centro Mater Child Care Servicesinc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Louisburg College ($14.8m), Valley Comprehensive Community Mental Health Center Inc ($14.8m) and National Head Start Association ($14.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Other salaries and wages came to $7.1m. At year end it held assets of $4.8m against liabilities of $1.5m, net assets of $3.3m. It reported 222 employees.