Chinatown Day Care Center Inc

Analysis

Chinatown Day Care Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1972, 54 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, Chinatown Day Care Center Inc reported income of $1.6m and spending of $2.0m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.6m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 53%. 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, Chinatown Day Care Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Hawaii Data Collaborative ($1.6m), Project Bridges Inc ($1.6m) and Miracles Outreach & Community Development Center Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.1m against liabilities of $18k, net assets of $1.1m. It reported 37 employees.