Haslett Child Development Center Inc

Analysis

Haslett Child Development Center Inc is a registered charity in United States, based in Haslett, MI. It received its IRS tax-exemption ruling in April 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Haslett Child Development Center Inc reported income of $687k and spending of $735k, spending 107% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $602k to $687k (+14%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Haslett Child Development Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Grace Center for Adult Day Services ($687k), Senior Centers of Cherokee County Inc ($687k) and Senior Citizens Council of Madison County Inc ($687k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Other salaries and wages came to $523k. At year end it held assets of $768k against liabilities of $2,472, net assets of $766k. It reported 41 employees.