Shoreline Early Childhood Development Center Inc

Analysis

Shoreline Early Childhood Development Center Inc is a registered charity in United States, based in Wayzata, MN. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Shoreline Early Childhood Development Center Inc reported income of $744k and spending of $782k, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $691k to $744k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to August 2021, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shoreline Early Childhood Development Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Grace Jones Community Center Inc ($744k), Companis Mission Workers Association ($744k) and Phelps Connections for Seniors Inc ($744k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $72k (9.2% of expenses). Other salaries and wages came to $446k. At year end it held assets of $214k against liabilities of $55k, net assets of $159k. It reported 23 employees.