TLC Child Care Inc

Analysis

TLC Child Care Inc is a registered charity in United States, based in Wauseon, OH. It received its IRS tax-exemption ruling in August 2005, 21 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, TLC Child Care Inc reported income of $392k and spending of $417k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $392k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TLC Child Care Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Sweet Sleep Inc ($392k), Oasis Resource Center Inc ($392k) and The East Prairie Nutrition Center I NC ($392k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $39k (9.3% of expenses). Other salaries and wages came to $258k. At year end it held assets of $264k against liabilities of $6,073, net assets of $258k. It reported 15 employees.