Childcare Matters Inc

Analysis

Childcare Matters Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in June 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, Childcare Matters Inc reported income of $685k and spending of $635k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $585k to $685k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childcare Matters Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Meals on Wheels of Eastern Onondaga County Inc ($685k), The Catamount Institute ($686k) and Haven House Inc ($685k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 90% of the total. Other salaries and wages came to $457k. At year end it held assets of $331k against liabilities of $19k, net assets of $312k. It reported 12 employees.