Morning Star Child Care

Analysis

Morning Star Child Care is a registered charity in United States, based in Leadville, CO. It received its IRS tax-exemption ruling in September 2012, 14 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, Morning Star Child Care reported income of $385k and spending of $283k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $385k (+61%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 4314%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Morning Star Child Care sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Early Steps Learning Foundation ($385k), Phoenix Project ($385k) and Columbus Hospice Inc Building Irrv Endowment TR ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $55k (19% of expenses). Other salaries and wages came to $161k. At year end it held assets of $200k against liabilities of $6,367, net assets of $193k. It reported 22 employees.