Rahway Day Care Center Inc

Analysis

Rahway Day Care Center Inc is a registered charity in United States, based in Rahway, NJ. It received its IRS tax-exemption ruling in May 1974, 52 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 December 2023, Rahway Day Care Center Inc reported income of $2.6m and spending of $2.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.6m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rahway Day Care Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Arc of Shelby County Inc ($2.6m), Glens Falls Hospital Self Ins Trust ($2.6m) and Childrens Aid Society of Clearfield County ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $241k (11% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.4m against liabilities of $107k, net assets of $1.3m. It reported 45 employees.