Westfield Day Care Center Inc

Analysis

Westfield Day Care Center Inc is a registered charity in United States, based in Westfield, NJ. It received its IRS tax-exemption ruling in December 1967, 59 years ago. 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, Westfield Day Care Center Inc reported income of $2.1m and spending of $1.9m, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $2.1m (+33%), an average of +7.4% a year. The sharpest change came in the year to August 2021, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westfield Day 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 88th percentile within NJ. Charities of a similar size with the same main cause include Sun Grove Montessori School Inc ($2.1m), Chickasaw Foundation ($2.1m) and Reed Schools Foundation ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.3% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $166k (8.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.4m against liabilities of $170k, net assets of $2.3m. It reported 43 employees.