Park Ridge Child Care Center Inc

Analysis

Park Ridge Child Care Center Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in April 1989, 37 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 December 2023, Park Ridge Child Care Center Inc reported income of $2.0m and spending of $2.3m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.0m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park Ridge Child Care Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Alabama Baptist Inc ($2.0m), The Center for Violence-Free Relationships ($2.0m) and DC Policy Center ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $83k (3.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.3m against liabilities of $1.8m, net assets of -$450k. It reported 58 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.