Carroll Area Child Care Center Inc

Analysis

Carroll Area Child Care Center Inc is a registered charity in United States, based in Carroll, IA. It received its IRS tax-exemption ruling in September 1978, 48 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Carroll Area Child Care Center Inc reported income of $1.3m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.1m to $1.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to May 2022, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carroll Area Child Care Center Inc 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 82nd percentile, and in the 84th percentile within IA. Charities of a similar size with the same main cause include Triangle North Healthcare Foundation Inc ($1.3m), Elizabeth Buffum Chace Center ($1.3m) and Vietnamese Buddhist Congregation of the United States Nhu Lai ($1.3m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 11% and program service revenue 87% of the total. Other salaries and wages came to $771k. At year end it held assets of $1.4m against liabilities of $55k, net assets of $1.3m. It reported 67 employees.