New Sharon Community Child Care Center Inc

Analysis

New Sharon Community Child Care Center Inc is a registered charity in United States, based in New Sharon, IA. It received its IRS tax-exemption ruling in September 1996, 30 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, New Sharon Community Child Care Center Inc reported income of $407k and spending of $437k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $283k to $407k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Sharon Community Child Care Center Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within IA. Charities of a similar size with the same main cause include Staying Put in New Canaan Inc ($407k), Esperanza House Inc ($407k) and King Outreach Ministry Inc ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $49k (11% of expenses). Other salaries and wages came to $282k. At year end it held assets of $89k against liabilities of $1,893, net assets of $87k. It reported 34 employees.