The Wallingford Community Daycare Center Inc

Analysis

The Wallingford Community Daycare Center Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in February 1974, 52 years ago. 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, The Wallingford Community Daycare Center Inc reported income of $2.0m and spending of $1.8m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.0m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Wallingford Community Daycare Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Hetlinger Developmental Services Inc ($2.0m), Wiregrass Georgia Technical College Foundation-South Inc ($2.0m) and The Study Hall Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $76k (4.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.0m against liabilities of $113k, net assets of $903k. It reported 52 employees.