5cs Child Care Centers

Analysis

5cs Child Care Centers is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, 5cs Child Care Centers reported income of $1.2m and spending of $1.3m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 5cs Child Care Centers 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 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Discovery Time II Child Care Ministry Inc ($1.2m), Woodbury Child Development Center Inc ($1.2m) and Gibson Center for Senior Services Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $120k (9.3% of expenses). Other salaries and wages came to $754k. At year end it held assets of $359k against liabilities of $44k, net assets of $315k. It reported 50 employees.