Minneapolis Va Employees Child Care Corporation

Analysis

Minneapolis Va Employees Child Care Corporation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1988, 38 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 September 2023, Minneapolis Va Employees Child Care Corporation reported income of $1.6m and spending of $1.6m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.6m (+33%), an average of +7.4% a year. The sharpest change came in the year to September 2023, when income rose by 22%. 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, Minneapolis Va Employees Child Care Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include West Chester Area Day Care Center ($1.6m), Northern Transitions Inc ($1.6m) and Families Helping Families at the Crossroads of Louisiana Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $171k (11% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $539k against liabilities of $63k, net assets of $477k. It reported 21 employees.