Grinnell Day Care Center Inc

Analysis

Grinnell Day Care Center Inc is a registered charity in United States, based in Grinnell, IA. It received its IRS tax-exemption ruling in March 1971, 55 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 August 2023, Grinnell Day Care Center Inc reported income of $938k and spending of $1.1m, spending 115% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $990k to $938k (-5.3%), an average of -1.3% a year. The sharpest change came in the year to August 2022, when income rose by 61%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grinnell Day Care Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Power Ministry ($938k), Got Your Six Support Dogs ($938k) and Issac Sterett Adventure Foundation Company ($938k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $68k (6.3% of expenses). Other salaries and wages came to $652k. At year end it held assets of $898k against liabilities of $32k, net assets of $866k. It reported 63 employees.