Ashland Child Development Center Inc

Analysis

Ashland Child Development Center Inc is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in June 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ashland Child Development Center Inc reported income of $538k and spending of $508k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $643k to $538k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ashland Child Development Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include Family Promise of Summit County Inc ($538k), Divine Center Inc ($538k) and One by One Foundation ($538k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $282k. At year end it held assets of $1.2m against liabilities of $186k, net assets of $986k. It reported 15 employees.