Ithaca Community Childcare Center

Analysis

Ithaca Community Childcare Center is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in March 1992, 34 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, Ithaca Community Childcare Center reported income of $4.0m and spending of $4.0m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.1m to $4.0m (+31%), an average of +7.0% a year. The sharpest change came in the year to August 2022, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ithaca Community Childcare Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Neighborhood Christian Centers Inc ($4.0m), Southern Oregon Regional Brokerage ($4.0m) and United Communities Against Poverty Inc ($4.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $230k (5.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $6.2m against liabilities of $3.0m, net assets of $3.2m. It reported 123 employees.