Lacreche Early Childhood Centers Inc

Analysis

Lacreche Early Childhood Centers Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1973, 53 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 December 2023, Lacreche Early Childhood Centers Inc reported income of $1.9m and spending of $1.7m, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.8m to $1.9m (+3.2%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lacreche Early Childhood Centers Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Boy Scouts of America ($1.9m), Iowa College Foundation ($1.9m) and Geohazards International ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $162k (9.4% of expenses). Other salaries and wages came to $639k. At year end it held assets of $1.1m against liabilities of $74k, net assets of $994k. It reported 31 employees.