Mile Square Early Learning Center

Analysis

Mile Square Early Learning Center is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in September 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mile Square Early Learning Center reported income of $11.4m and spending of $10.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $11.4m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mile Square Early Learning Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Hispanic Access Foundation ($11.4m), The Cedars Inc ($11.4m) and Vantage Aging ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $110k (1.1% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $12.8m against liabilities of $9.0m, net assets of $3.8m. It reported 198 employees.