Fairbank Community Daycare Center

Analysis

Fairbank Community Daycare Center is a registered charity in United States, based in Fairbank, IA. It received its IRS tax-exemption ruling in December 2005, 21 years ago. 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 November 2023, Fairbank Community Daycare Center reported income of $737k and spending of $512k, leaving 31% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income grew from $298k to $737k (+147%), an average of +25% a year. The sharpest change came in the year to November 2021, when income rose by 97%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairbank Community Daycare Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within IA. Charities of a similar size with the same main cause include Alaska State Hockey Association Inc ($737k), Virginia Polo Inc ($738k) and Michigan Association for Infant Mental Health ($737k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 52% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $44k (8.5% of expenses). Other salaries and wages came to $279k. At year end it held assets of $714k against liabilities of $97k, net assets of $618k. It reported 38 employees.