Waverly Child Care & Preschool

Analysis

Waverly Child Care & Preschool is a registered charity in United States, based in Waverly, IA. It received its IRS tax-exemption ruling in March 1972, 54 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 December 2023, Waverly Child Care & Preschool reported income of $1.3m and spending of $1.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.3m (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waverly Child Care & Preschool sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within IA. Charities of a similar size with the same main cause include Senior Support Services ($1.3m), Hawaii Agricultural Foundation ($1.3m) and Neu-Life Community Development Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Other salaries and wages came to $771k. At year end it held assets of $7.8m against liabilities of $3.9m, net assets of $3.9m. It reported 50 employees.