Bermuda Hundred Child Development Center

Analysis

Bermuda Hundred Child Development Center is a registered charity in United States, based in Chester, VA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bermuda Hundred Child Development Center reported income of $1.1m and spending of $807k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $538k to $1.1m (+106%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 86%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bermuda Hundred Child Development Center sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Learning Tree and Educational Center ($1.1m), Alumni Association California Institute of Technology ($1.1m) and Rock Valley College Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $126k (16% of expenses). Other salaries and wages came to $545k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 41 employees.