Central Faith Child Development Center

Analysis

Central Faith Child Development Center is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in October 2008, 18 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, Central Faith Child Development Center reported income of $1.6m and spending of $1.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.6m (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Faith Child Development Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Pacific Community Fund ($1.6m), Disability Resource Center ($1.6m) and Camp Rock of Georgia Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $277k (16% of expenses). Other salaries and wages came to $733k. At year end it held assets of $286k against liabilities of $6,101, net assets of $280k. It reported 64 employees.