Park Forest Village Day Nursery

Analysis

Park Forest Village Day Nursery is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in October 1979, 47 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 June 2023, Park Forest Village Day Nursery reported income of $230k and spending of $242k, spending 105% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $289k to $230k (-20%), an average of -11% a year. The sharpest change came in the year to June 2022, when income dropped by 44%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park Forest Village Day Nursery sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Cornerstone Apostolic Ministry Inc ($230k), Killingsworth Cove Volunteer Fire Department Inc ($230k) and Forks Community Food Bank ($230k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $41k (17% of expenses). Other salaries and wages came to $132k. At year end it held assets of $238k against liabilities of $2,847, net assets of $235k. It reported 9 employees.