Seward Child Care Center Inc

Analysis

Seward Child Care Center Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1975, 51 years ago. 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 December 2022, Seward Child Care Center Inc reported income of $501k and spending of $495k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $468k to $501k (+6.9%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 49%. 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, Seward Child Care Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include St Elizabeth Home Workers Comp TR ($501k), American Tap Dance Foundation Inc ($501k) and Alliance for Sustainability ($501k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 13% and program service revenue 82% of the total. Other salaries and wages came to $432k. At year end it held assets of $307k against liabilities of $22k, net assets of $285k.