Union City Day Care Program Inc

Analysis

Union City Day Care Program Inc is a registered charity in United States, based in Union City, NJ. It received its IRS tax-exemption ruling in January 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Union City Day Care Program Inc reported income of $11.3m and spending of $11.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.9m to $11.3m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Union City Day Care Program Inc 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 Hot Bread Kitchen Ltd ($11.3m), Spaulding for Children ($11.3m) and Hill Country Youth Ranch ($11.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $117k (1.0% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $4.2m against liabilities of $637k, net assets of $3.6m. It reported 227 employees.