Lake City Day Care Inc

Analysis

Lake City Day Care Inc is a registered charity in United States, based in Lake City, IA. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake City Day Care Inc reported income of $711k and spending of $398k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $711k (+137%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake City Day Care Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within IA. Charities of a similar size with the same main cause include The Fatherless Foundation Inc ($711k), Council of Mid-Willamette Valley Society of St Vincent de Paul ($711k) and Padrino Childrens Foundation Inc ($711k).

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. Other salaries and wages came to $244k. At year end it held assets of $815k against liabilities of $241k, net assets of $574k. It reported 28 employees.