Day Care Center of New London Inc

Analysis

Day Care Center of New London Inc is a registered charity in United States, based in New London, WI. It received its IRS tax-exemption ruling in December 1977, 49 years ago. 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 2024, Day Care Center of New London Inc reported income of $896k and spending of $891k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $544k to $896k (+65%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Day Care Center of New London Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Domestic Violence Sexual Assault Resource Center ($896k), Bendnext ($896k) and Hillel Foundation at the University of Arizona ($896k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 86% of the total. Other salaries and wages came to $670k. At year end it held assets of $760k against liabilities of $36k, net assets of $723k. It reported 20 employees.