Mercyhurst Child Learning Center Inc

Analysis

Mercyhurst Child Learning Center Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in January 1989, 37 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, Mercyhurst Child Learning Center Inc reported income of $699k and spending of $770k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $534k to $699k (+31%), an average of +9.4% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercyhurst Child Learning Center Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Maine Childrens Alliance ($699k), Ozark Rape Crisis Inc ($699k) and American Society for Deaf Children Inc ($699k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $521k. At year end it held assets of $399k against liabilities of $21k, net assets of $378k. It reported 43 employees.