Childspace Daycare Center Inc

Analysis

Childspace Daycare Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1990, 36 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 August 2023, Childspace Daycare Center Inc reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.8m to $2.4m (+33%), an average of +7.5% a year. The sharpest change came in the year to August 2022, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childspace Daycare 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 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Teens Grow Greens Inc ($2.4m), Men & Women for Human Excellence Inc ($2.4m) and Amistades Inc ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $1,672.