Kings Chapel Early Care and Education Center

Analysis

Kings Chapel Early Care and Education Center is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 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 June 2023, Kings Chapel Early Care and Education Center reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $708k to $1.2m (+67%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kings Chapel Early Care and Education Center sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include New Directions Career Center ($1.2m), North Carolina Families United ($1.2m) and A Womans Haven Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $176k (15% of expenses). Other salaries and wages came to $537k. At year end it held assets of $758k against liabilities of $316k, net assets of $442k. It reported 20 employees.