Bais Frieda Child Care Center Inc

Analysis

Bais Frieda Child Care Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bais Frieda Child Care Center Inc reported income of $3.1m and spending of $1.5m, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.1m (+91%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 242%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bais Frieda Child Care Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include U-Go Initiative ($3.1m), Gulf Coast Council of LA Raza ($3.1m) and El Camino Homeless Organization ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $92k. At year end it held assets of $5.7m against liabilities of $94k, net assets of $5.6m.