New Morning Nursery Inc

Analysis

New Morning Nursery Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in January 1975, 51 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 July 2023, New Morning Nursery Inc reported income of $701k and spending of $625k, spending 89% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $520k to $701k (+35%), an average of +7.8% a year. The sharpest change came in the year to July 2023, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Morning Nursery Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include Akron Regional Development Board Educational Fund ($700k), Montana Ballet Company Inc ($701k) and Hancock County Homes Foundation ($700k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Other salaries and wages came to $463k. At year end it held assets of $890k against liabilities of $52k, net assets of $838k. It reported 12 employees.