Parsippany Child Day Care Center Inc

Analysis

Parsippany Child Day Care Center Inc is a registered charity in United States, based in Parsippany, NJ. It received its IRS tax-exemption ruling in April 1970, 56 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Parsippany Child Day Care Center Inc reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $757k to $1.1m (+46%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parsippany Child Day Care Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Gathering of Southeast Wisconsin Inc ($1.1m), Special Abilities of North Texas Inc ($1.1m) and Young Scholars Developmental Institute ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $792k. At year end it held assets of $593k against liabilities of $49k, net assets of $543k. It reported 36 employees.