Lamoni Community Daycare Funshine

Analysis

Lamoni Community Daycare Funshine is a registered charity in United States, based in Lamoni, IA. It received its IRS tax-exemption ruling in March 1989, 37 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, Lamoni Community Daycare Funshine reported income of $221k and spending of $257k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $309k to $221k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lamoni Community Daycare Funshine sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IA. Charities of a similar size with the same main cause include Grace Horizon Inc ($221k), Tfalls Foundation Inc ($221k) and Hope Chest for Women Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $37k (14% of expenses). Other salaries and wages came to $128k. At year end it held assets of $377k against liabilities of $0, net assets of $377k. It reported 29 employees.