Wee Pals Child Care Center Inc

Analysis

Wee Pals Child Care Center Inc is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in May 1972, 54 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 December 2023, Wee Pals Child Care Center Inc reported income of $919k and spending of $956k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $779k to $919k (+18%), an average of +4.2% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wee Pals Child Care Center Inc sits at the 77th 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 77th percentile within MN. Charities of a similar size with the same main cause include Well of Mercy ($919k), Boys & Girls Club of Alice ($919k) and CCSR Inc ($919k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $68k (7.2% of expenses). Other salaries and wages came to $580k. At year end it held assets of $507k against liabilities of $4,899, net assets of $502k. It reported 32 employees.