Hamlin Community Daycare

Analysis

Hamlin Community Daycare is a registered charity in United States, based in Hayti, SD. It received its IRS tax-exemption ruling in July 2004, 22 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, Hamlin Community Daycare reported income of $138k and spending of $151k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $138k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hamlin Community Daycare sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within SD. Charities of a similar size with the same main cause include Volunteers of America Inc ($138k), Sandy Springs Police Benevolent Fund Inc ($138k) and Ignis Community Inc - Sunyang Hana ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 97% of the total. At year end it held assets of $322k against liabilities of $7,802, net assets of $314k.