Baby Talk Inc

Analysis

Baby Talk Inc is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Baby Talk Inc reported income of $5.0m and spending of $5.3m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $5.0m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2020, when income rose by 179%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Baby Talk Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Milwaukee Economic Development Corp ($5.0m), Operating Engineers Local 478 Apprenticeship Training & Skill Im ($5.0m) and Enfocus Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $90k (1.7% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $9.4m against liabilities of $630k, net assets of $8.7m. It reported 114 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.