Foundations Child Care Center Inc

Analysis

Foundations Child Care Center Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundations Child Care Center Inc reported income of $2.8m and spending of $3.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $901k to $2.8m (+215%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 158%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundations Child Care Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Matsu Food Bank ($2.8m), Friends of the Children - Chicago ($2.8m) and Angels Guarding Youth Services Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $219k (7.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.3m against liabilities of $885k, net assets of $1.4m. It reported 104 employees.