New Rochelle Day Nursery

Analysis

New Rochelle Day Nursery is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in November 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Rochelle Day Nursery reported income of $879k and spending of $1.1m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $879k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Rochelle Day Nursery sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Korean American Community Housing Services Inc ($879k), Canajoharie Library & Art Gallery ($879k) and East Greenwich Free Library Association ($879k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $86k (8.2% of expenses). Other salaries and wages came to $603k. At year end it held assets of $419k against liabilities of $923k, net assets of -$504k. It reported 28 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.