Early Childhood Education Center

Analysis

Early Childhood Education Center is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in November 1977, 49 years ago. 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, Early Childhood Education Center reported income of $5.7m and spending of $5.6m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.5m to $5.7m (+26%), an average of +8.1% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Early Childhood Education Center sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Winston School San Antonio ($5.7m), Central Washington University Foundation ($5.7m) and Community Rowing Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $222k (3.9% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $4.4m against liabilities of $3.4m, net assets of $945k. It reported 120 employees.