Lexington Playcare Center Inc

Analysis

Lexington Playcare Center Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Lexington Playcare Center Inc reported income of $2.0m and spending of $1.6m, leaving 21% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.3m to $2.0m (+60%), an average of +12% a year. The sharpest change came in the year to August 2023, when income rose by 30%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lexington Playcare Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Association for Retarded Citizens of Washington County Inc ($2.0m), Elmhurst-Yorkfield Food Pantry ($2.0m) and Association of Residential Resources in Minnesota ($2.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.8% and program service revenue 72% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.5m against liabilities of $613k, net assets of $907k. It reported 30 employees.