Sharon Day Care Center Inc

Analysis

Sharon Day Care Center Inc is a registered charity in United States, based in Sharon, CT. It received its IRS tax-exemption ruling in April 1985, 41 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, Sharon Day Care Center Inc reported income of $608k and spending of $573k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $347k to $608k (+75%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sharon Day Care Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Vashon Wilderness Program ($608k), Deaf Center ($608k) and Friends of the Daniel Centers for Progressive Judaism ($608k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 75% of the total. Other salaries and wages came to $465k. At year end it held assets of $572k against liabilities of $1,727, net assets of $570k. It reported 20 employees.