Early Childhood Initiative Inc

Analysis

Early Childhood Initiative Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2022, Early Childhood Initiative Inc reported income of $1.9m and spending of $2.0m, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.3m to $1.9m (+51%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 121% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Early Childhood Initiative Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Manelu ($1.9m), Boy Scouts of America ($1.9m) and Boy Scouts of America ($1.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $407k (21% of expenses). Other salaries and wages came to $858k. At year end it held assets of $1.9m against liabilities of $55k, net assets of $1.8m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.