Bancroft Daycare

Analysis

Bancroft Daycare is a registered charity in United States, based in Bancroft, IA. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bancroft Daycare reported income of $265k and spending of $251k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $265k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 35%. 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, Bancroft Daycare sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include Harvestly Inc ($265k), Hungers End Inc ($265k) and Red Wing Area Food Shelf ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $47k (19% of expenses). Other salaries and wages came to $139k. At year end it held assets of $190k against liabilities of $3,796, net assets of $187k. It reported 22 employees.