Belmont Child Care Association Inc

Analysis

Belmont Child Care Association Inc is a registered charity in United States, based in Elmont, NY. It received its IRS tax-exemption ruling in November 1999, 27 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 December 2023, Belmont Child Care Association Inc reported income of $1.4m and spending of $1.8m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Belmont Child Care Association Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Juventud En Camino Association ($1.4m), Unidos Por LA Musica ($1.4m) and Santa Fe Wine & Chile Fiesta ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $190k (10% of expenses). Other salaries and wages came to $130k. At year end it held assets of $8.0m against liabilities of $41k, net assets of $7.9m. It reported 3 employees.