Tooney Town Early Learning Center Inc

Analysis

Tooney Town Early Learning Center Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Tooney Town Early Learning Center Inc reported income of $2.5m and spending of $2.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.5m (+3.4%), an average of +0.8% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tooney Town Early Learning Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Riverway Learning Community ($2.5m), Friends of Beloved Community Charter School 2 Inc ($2.5m) and Relational Care Ministries Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $48k (2.1% of expenses). Other salaries and wages came to $660k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 26 employees.