Zearing Child Enrichment Center Inc

Analysis

Zearing Child Enrichment Center Inc is a registered charity in United States, based in Princeton, IL. It received its IRS tax-exemption ruling in September 1974, 52 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 June 2024, Zearing Child Enrichment Center Inc reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $790k to $1.3m (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income dropped by 134%. Over the whole period it spent 139% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Zearing Child Enrichment Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Young Mens Christian Association of Worthington ($1.3m), Homeless Childrens Foundation of Indian River County Inc ($1.3m) and Glad Tidings Preschool Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $112k (8.7% of expenses). Other salaries and wages came to $799k. At year end it held assets of $1.1m against liabilities of $68k, net assets of $1.1m. It reported 36 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.