Charlotte Day Care Center Inc

Analysis

Charlotte Day Care Center Inc is a registered charity in United States, based in Charlotte, VT. It received its IRS tax-exemption ruling in June 1989, 37 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 August 2023, Charlotte Day Care Center Inc reported income of $962k and spending of $1.1m, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $736k to $962k (+31%), an average of +6.9% a year. The sharpest change came in the year to August 2021, when income rose by 43%. 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, Charlotte Day Care Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within VT. Charities of a similar size with the same main cause include Paul Phillippe Resource Center Inc ($962k), Bigger Table ($962k) and Loaves and Fishes ($962k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $35k (3.2% of expenses). Other salaries and wages came to $770k. At year end it held assets of $462k against liabilities of $17k, net assets of $445k. It reported 34 employees.