Monmouth Day Care Center Inc

Analysis

Monmouth Day Care Center Inc is a registered charity in United States, based in Red Bank, NJ. It received its IRS tax-exemption ruling in September 1969, 57 years ago. 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 December 2023, Monmouth Day Care Center Inc reported income of $1.9m and spending of $1.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monmouth Day Care Center Inc sits at the 84th percentile: it is larger than about 84% 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 Hellenic Missionary Union Inc ($1.9m), The Greenmount School Incorporated ($1.9m) and Sanctuary Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $80k (4.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.5m against liabilities of $157k, net assets of $1.3m. It reported 47 employees.