Woodbury Child Development Center Inc

Analysis

Woodbury Child Development Center Inc is a registered charity in United States, based in Woodbury, NJ. It received its IRS tax-exemption ruling in June 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Woodbury Child Development Center Inc reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $987k to $1.2m (+25%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Woodbury Child Development Center Inc sits at the 78th percentile: it is larger than about 78% 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 5cs Child Care Centers ($1.2m), A Healthy House Within a Match Coalition ($1.2m) and Discovery Time II Child Care Ministry Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $88k (7.7% of expenses). Other salaries and wages came to $592k. At year end it held assets of $1.1m against liabilities of $207k, net assets of $906k. It reported 36 employees.