We Care Day Care Inc

Analysis

We Care Day Care Inc is a registered charity in United States, based in Worthington, MN. It received its IRS tax-exemption ruling in July 2014, 12 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 June 2023, We Care Day Care Inc reported income of $390k and spending of $406k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $284k to $390k (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2020, when income rose by 29%. 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, We Care Day Care Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Morning Star Education Center ($390k), Crossroads Pregnancy Resource Center ($390k) and Mtelo Ministries ($390k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Other salaries and wages came to $278k. At year end it held assets of $320k against liabilities of $131k, net assets of $189k. It reported 17 employees.