First United Methodist Church of Hot Spings Child Development

Analysis

First United Methodist Church of Hot Spings Child Development is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in May 2016, 10 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, First United Methodist Church of Hot Spings Child Development reported income of $732k and spending of $661k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $732k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 163%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First United Methodist Church of Hot Spings Child Development sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within AR. Charities of a similar size with the same main cause include Central Nursery School ($732k), Friends of the Sacramento Public Library ($732k) and Craven Community College Foundation ($732k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $43k (6.5% of expenses). Other salaries and wages came to $469k. At year end it held assets of $808k against liabilities of $23k, net assets of $784k. It reported 44 employees.