Child Care Network of New York Inc

Analysis

Child Care Network of New York Inc is a registered charity in United States, based in New Hyde Park, NY. It received its IRS tax-exemption ruling in June 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, Child Care Network of New York Inc reported income of $12.2m and spending of $12.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.0m to $12.2m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Child Care Network of New York Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Puerto Rican Org for Community Educational & Economic Development ($12.2m), Otterbein Cridersville ($12.2m) and Pacesetters Incorporated ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $91k (0.7% of expenses). Other salaries and wages came to $453k. At year end it held assets of $2.3m against liabilities of $2.0m, net assets of $280k. It reported 15 employees.