Skaneateles Early Childhood Center

Analysis

Skaneateles Early Childhood Center is a registered charity in United States, based in Skaneateles, NY. It received its IRS tax-exemption ruling in October 1980, 46 years ago. 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, Skaneateles Early Childhood Center reported income of $1.3m and spending of $1.2m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $885k to $1.3m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Skaneateles Early Childhood Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Womens Board of the Maine Medical Center ($1.3m), Agc Education and Research Foundation ($1.3m) and Ms St Fed of the Colored Womens CL HSG for the Elderly in Clinton Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $68k (5.8% of expenses). Other salaries and wages came to $716k. At year end it held assets of $1.2m against liabilities of $37k, net assets of $1.2m. It reported 37 employees.