Little Gems Daycare Center

Analysis

Little Gems Daycare Center is a registered charity in United States, based in Newport, NC. It received its IRS tax-exemption ruling in September 2011, 15 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 September 2023, Little Gems Daycare Center reported income of $115k and spending of $117k, spending 102% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $137k to $115k (-16%), an average of -16% a year. The sharpest change came in the year to September 2023, when income dropped by 16%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Gems Daycare Center sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Radford-Fairlawn Daily Bread Inc ($115k), Full of Grace Foundation Inc ($115k) and Undestructable ($115k).

On its Form 990-EZ for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $36k against liabilities of $22k, net assets of $14k.