Ravenswood Community Daycare Inc

Analysis

Ravenswood Community Daycare Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2001, 25 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 2023, Ravenswood Community Daycare Inc reported income of $921k and spending of $899k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $869k to $921k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ravenswood Community Daycare Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Marymount Child Care Center at Jennings ($921k), Nebraska Indian Child Welfare Coalition Inc ($921k) and Fresenius Medical Care Foundation Inc ($921k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $76k (8.5% of expenses). Other salaries and wages came to $543k. At year end it held assets of $370k against liabilities of $45k, net assets of $325k. It reported 29 employees.