Paterson Day Care 100

Analysis

Paterson Day Care 100 is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in March 1980, 46 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 June 2023, Paterson Day Care 100 reported income of $2.5m and spending of $2.1m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.5m (+30%), an average of +6.7% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paterson Day Care 100 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 Black United Fund of Illinois Inc ($2.5m), Piece Inc ($2.5m) and Hearing Speech & Deaf Center of Greater Cincinnati ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $145k (7.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $746k against liabilities of $53k, net assets of $693k. It reported 27 employees.