Paradise Childcare Corp

Analysis

Paradise Childcare Corp is a registered charity in United States, based in Sunrise, FL. It received its IRS tax-exemption ruling in September 2007, 19 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, Paradise Childcare Corp reported income of $1.1m and spending of $919k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $628k to $1.1m (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Paradise Childcare Corp sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Refugees Enrichment & Development Association Inc ($1.1m), All My Children Family Resource Center ($1.1m) and Carols Kitchen Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $85k (9.2% of expenses). Other salaries and wages came to $395k. At year end it held assets of $888k against liabilities of $0, net assets of $888k. It reported 23 employees.