Logan Community Day Care Association Inc

Analysis

Logan Community Day Care Association Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in August 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 December 2023, Logan Community Day Care Association Inc reported income of $827k and spending of $803k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $623k to $827k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Logan Community Day Care Association Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include A Childs Place Learning Center Inc ($827k), Hope Starts Here Food Bank ($828k) and Tiny Tykes Child Care Center Ltd ($827k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $63k (7.9% of expenses). Other salaries and wages came to $375k. At year end it held assets of $1.2m against liabilities of $136k, net assets of $1.0m. It reported 14 employees.