Learning Gate an Association of Child Care Centers Inc

Analysis

Learning Gate an Association of Child Care Centers Inc is a registered charity in United States, based in Raritan, NJ. It received its IRS tax-exemption ruling in February 1968, 58 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 April 2023, Learning Gate an Association of Child Care Centers Inc reported income of $1.2m and spending of $1.1m, spending 89% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $1.3m to $1.2m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to April 2022, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Learning Gate an Association of Child Care Centers Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Multicultural Institute ($1.2m), Immanuel New York Mission Inc ($1.2m) and Nurturely ($1.2m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $67k (6.1% of expenses). Other salaries and wages came to $539k. At year end it held assets of $775k against liabilities of $72k, net assets of $703k. It reported 32 employees.