Irvine Child Development Center Operating Corporation

Analysis

Irvine Child Development Center Operating Corporation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in December 1994, 32 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 August 2023, Irvine Child Development Center Operating Corporation reported income of $1.8m and spending of $2.1m, spending 115% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.7m to $1.8m (+3.5%), an average of +0.9% a year. The sharpest change came in the year to August 2021, when income rose by 31%. 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, Irvine Child Development Center Operating Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Child Care Answers of Central Indiana ($1.8m), Valley Haven Inc ($1.8m) and Infant Toddler Family Day Care of Northern Virginia Inc ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $72k (3.5% of expenses). Other salaries and wages came to $911k. At year end it held assets of $867k against liabilities of $373k, net assets of $494k. It reported 35 employees.