First United Methodist Church Child Care and Preschool Cedar Falls

Analysis

First United Methodist Church Child Care and Preschool Cedar Falls is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in June 2002, 24 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, First United Methodist Church Child Care and Preschool Cedar Falls reported income of $205k and spending of $236k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $309k to $205k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First United Methodist Church Child Care and Preschool Cedar Falls sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IA. Charities of a similar size with the same main cause include Farm2people Inc ($205k), Geary County Senior Citizens Inc ($205k) and Mississippi Coats 4 Kidz ($205k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $78k (33% of expenses). Other salaries and wages came to $101k. At year end it held assets of $343 against liabilities of $1,238, net assets of -$895. It reported 23 employees.