El Centro Comunal Borincano Day Care

Analysis

El Centro Comunal Borincano Day Care is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in August 1976, 50 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, El Centro Comunal Borincano Day Care reported income of $3.4m and spending of $2.6m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.4m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, El Centro Comunal Borincano Day Care sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Mid-Peninsula Pickering Inc ($3.4m), Bais Kaila Torah Preparatory High School ($3.4m) and Center for Community Health and Well-Being Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $143k (5.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.0m against liabilities of $1.2m, net assets of $3.9m. It reported 63 employees.