Oak Lane Day Care Inc

Analysis

Oak Lane Day Care Inc is a registered charity in United States, based in West Chester, PA. It received its IRS tax-exemption ruling in February 1994, 32 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, Oak Lane Day Care Inc reported income of $537k and spending of $586k, spending 109% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $260k to $537k (+107%), an average of +27% a year. The sharpest change came in the year to August 2022, when income rose by 60%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oak Lane Day Care Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include House of Raeford Farms Flock Inc ($537k), Guadalupe Community Center of San Antonio Tex ($537k) and Platte Valley Community Center Foundation ($537k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $80k (14% of expenses). Other salaries and wages came to $377k. At year end it held assets of $608k against liabilities of $23k, net assets of $585k. It reported 16 employees.