The Kathy Herward Child Care Center

Analysis

The Kathy Herward Child Care Center is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in November 1993, 33 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 September 2023, The Kathy Herward Child Care Center reported income of $1.2m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $914k to $1.2m (+33%), an average of +7.5% a year. The sharpest change came in the year to September 2021, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Kathy Herward Child Care 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 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Madison Parks Foundation Inc ($1.2m), Hampton Roads Soccer Council ($1.2m) and Youth for Christ USA Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $76k (6.6% of expenses). Other salaries and wages came to $837k. At year end it held assets of $460k against liabilities of $32k, net assets of $428k. It reported 26 employees.