Belfast Area Child Care Services Inc

Analysis

Belfast Area Child Care Services Inc is a registered charity in United States, based in Waldo, ME. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2024, Belfast Area Child Care Services Inc reported income of $1.1m and spending of $1.2m, spending 112% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income grew from $811k to $1.1m (+36%), an average of +6.3% a year. The sharpest change came in the year to September 2021, when income rose by 42%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Belfast Area Child Care Services Inc 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 80th percentile, and in the 77th percentile within ME. Charities of a similar size with the same main cause include Georgia Food Bank Association Inc ($1.1m), Center for Family Excellence Inc ($1.1m) and Homes for Black Children ($1.1m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 24% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $169k (14% of expenses). Other salaries and wages came to $753k. At year end it held assets of $1.2m against liabilities of $367k, net assets of $853k. It reported 33 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.