Toledo Independent Childcare Center

Analysis

Toledo Independent Childcare Center is a registered charity in United States, based in Sylvania, OH. It received its IRS tax-exemption ruling in November 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, Toledo Independent Childcare Center reported income of $195k and spending of $183k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $297k to $195k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Toledo Independent Childcare Center sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within OH. Charities of a similar size with the same main cause include South Tampa Ecumenical Ministries Inc ($195k), Credit Coalition ($195k) and Every Day Action ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $102k. At year end it held assets of $160k against liabilities of $0, net assets of $160k. It reported 12 employees.