Abc of NC Child Development Center

Analysis

Abc of NC Child Development Center is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in January 2003, 23 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 May 2023, Abc of NC Child Development Center reported income of $4.5m and spending of $4.8m, spending 108% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $4.0m to $4.5m (+13%), an average of +3.1% a year. The sharpest change came in the year to May 2020, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abc of NC Child Development Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Lasagna Love Inc ($4.5m), Alpha Resource Center of Santa Barbara ($4.5m) and Focus on Youth Inc ($4.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $146k (3.0% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $778k against liabilities of $335k, net assets of $443k. It reported 125 employees.