Montclair Child Development Center

Analysis

Montclair Child Development Center is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in July 1977, 49 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 November 2023, Montclair Child Development Center reported income of $9.3m and spending of $9.1m, spending 98% of its income. Across the 4 years on record, from November 2019 to November 2023, income grew from $7.5m to $9.3m (+24%), an average of +7.5% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montclair Child Development Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Ascension Living Via Christi Village Pittsburg ($9.3m), Nauticus ($9.3m) and Southeastern Regional Medical Center ($9.3m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $258k (2.8% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $3.5m against liabilities of $1.3m, net assets of $2.2m. It reported 113 employees.