Margaret P Muscarelle Child Development Center Inc

Analysis

Margaret P Muscarelle Child Development Center Inc is a registered charity in United States, based in Garfield, NJ. It received its IRS tax-exemption ruling in February 1960, 66 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Margaret P Muscarelle Child Development Center Inc reported income of $1.2m and spending of $932k, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $978k to $1.2m (+22%), an average of +5.2% a year. The sharpest change came in the year to September 2021, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Margaret P Muscarelle Child Development Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Institute for Spirituality and Health at the Texas Medical Center ($1.2m), Sacramento Community Cable Foundation ($1.2m) and Delta Manor Inc a Non-Profit Housing Corp ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $77k (8.2% of expenses). Other salaries and wages came to $486k. At year end it held assets of $1.8m against liabilities of $34k, net assets of $1.8m. It reported 24 employees.