Lake Harriet Community Child Care

Analysis

Lake Harriet Community Child Care is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in February 2008, 18 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, Lake Harriet Community Child Care reported income of $747k and spending of $724k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $681k to $747k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Harriet Community Child Care 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 Sub-Saharan African Youth and Family Service in Minnesota ($747k), Children and Family Services Inc ($747k) and Family Skillbuilders Services ($747k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $76k (11% of expenses). Other salaries and wages came to $375k. At year end it held assets of $617k against liabilities of $158k, net assets of $459k. It reported 18 employees.