Housatonic Child Care Center Inc

Analysis

Housatonic Child Care Center Inc is a registered charity in United States, based in Salisbury, CT. It received its IRS tax-exemption ruling in January 1970, 56 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 June 2023, Housatonic Child Care Center Inc reported income of $599k and spending of $628k, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $433k to $599k (+38%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housatonic Child Care Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Neighborhood Childcare Center ($599k), Native Dads Network ($599k) and Missouri Organic Association ($599k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $156k (25% of expenses). Other salaries and wages came to $285k. At year end it held assets of $769k against liabilities of $1,916, net assets of $767k. It reported 17 employees.