Five Towns Child Care Center Inc

Analysis

Five Towns Child Care Center Inc is a registered charity in United States, based in Inwood, NY. It received its IRS tax-exemption ruling in January 1975, 51 years ago. 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 December 2023, Five Towns Child Care Center Inc reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $744k to $1.0m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Five Towns Child Care Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Ronald McDonald House Charities of the Coastal Empire Inc ($1.0m), President Theodore Roosevelt Manor ($1.0m) and YMCA of North Central West Virginia Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $79k (7.6% of expenses). Other salaries and wages came to $644k. At year end it held assets of $1.0m against liabilities of $63k, net assets of $938k. It reported 31 employees.