Red Caboose Child Care Center Inc

Analysis

Red Caboose Child Care Center Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in April 1972, 54 years ago. 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 August 2023, Red Caboose Child Care Center Inc reported income of $2.2m and spending of $1.9m, spending 87% of its income. Across the 5 years on record, from December 2019 to August 2023, income grew from $1.6m to $2.2m (+37%), an average of +8.2% a year. The sharpest change came in the year to August 2023, when income rose by 47%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Red Caboose Child Care Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WI. Charities of a similar size with the same main cause include The Empty Stocking Fund Inc ($2.2m), United Workers Inc ($2.2m) and Service Fitters Industry Ed Fund ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $264k (14% of expenses). Other salaries and wages came to $850k. At year end it held assets of $7.2m against liabilities of $4.6m, net assets of $2.6m. It reported 63 employees.