Bayonne Pal Day Care Center Corp

Analysis

Bayonne Pal Day Care Center Corp is a registered charity in United States, based in Bayonne, NJ. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 January 2024, Bayonne Pal Day Care Center Corp reported income of $1.3m and spending of $1.0m, leaving 24% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $832k to $1.3m (+59%), an average of +12% a year. The sharpest change came in the year to January 2023, when income rose by 104%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bayonne Pal Day Care Center Corp sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Boys & Girls Clubs of Dumplin Valley Inc ($1.3m), Oklahoma Youth Literacy Program ($1.3m) and Cadet Character & Leadership Foundation ($1.3m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $77k (7.7% of expenses). Other salaries and wages came to $474k. At year end it held assets of $862k against liabilities of $134k, net assets of $728k. It reported 36 employees.