Haven for Tots Daycare & Preschool

Analysis

Haven for Tots Daycare & Preschool is a registered charity in United States, based in Oak Lawn, IL. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Haven for Tots Daycare & Preschool reported income of $710k and spending of $670k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $584k to $710k (+22%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Haven for Tots Daycare & Preschool sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Ground Education ($710k), St Louis de Montfort Academy Inc ($710k) and Evangelia University ($710k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $14k (2.2% of expenses). Other salaries and wages came to $457k. At year end it held assets of $276k against liabilities of $12k, net assets of $264k. It reported 20 employees.