Happy Time Day Care Center

Analysis

Happy Time Day Care Center is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in May 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Happy Time Day Care Center reported income of $786k and spending of $787k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $706k to $786k (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2023, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Happy Time Day Care Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Horizons Unlimited Inc ($786k), International Association for Indigenous Aging ($786k) and Justice for Families Ltd ($786k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Other salaries and wages came to $461k. At year end it held assets of $387k against liabilities of $209, net assets of $387k. It reported 20 employees.