The Red Balloon Child Care Center Inc

Analysis

The Red Balloon Child Care Center Inc is a registered charity in United States, based in LA Crosse, WI. It received its IRS tax-exemption ruling in December 1982, 44 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 August 2024, The Red Balloon Child Care Center Inc reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2024, income fell from $1.3m to $1.1m (-18%), an average of -4.8% a year. The sharpest change came in the year to August 2020, when income dropped by 32%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Red Balloon Child Care Center Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include Friends of Army Aviation Ozark ($1.1m), Chances and Changes Inc ($1.1m) and Legal Aid and Defender Association Inc ($1.1m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 11% and program service revenue 86% of the total. Other salaries and wages came to $791k. At year end it held assets of $916k against liabilities of $513k, net assets of $403k. It reported 57 employees.