Hoboken Day Care 100 Program

Analysis

Hoboken Day Care 100 Program is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hoboken Day Care 100 Program reported income of $1.1m and spending of $1.3m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $513k to $1.1m (+124%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hoboken Day Care 100 Program sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Cul2vate ($1.1m), Mowa Band of Choctaw Indian Commission ($1.1m) and Madill Community Day Care Center Association Incorporated ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $664k. At year end it held assets of $532k against liabilities of $99k, net assets of $433k.