Blue Ribbon Results Child Care Center Inc

Analysis

Blue Ribbon Results Child Care Center Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in December 2015, 11 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 June 2024, Blue Ribbon Results Child Care Center Inc reported income of $2.3m and spending of $1.8m, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $340k to $2.3m (+566%), an average of +46% a year. The sharpest change came in the year to June 2022, when income rose by 147%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Blue Ribbon Results Child Care Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Indian Cultural Organization ($2.3m), Suncoast School for Innovative Studies Inc ($2.3m) and Montgomery Coalition for Adultenglish Literacy Inc ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $150k (8.5% of expenses). Other salaries and wages came to $967k. At year end it held assets of $3.2m against liabilities of $2.2m, net assets of $1.0m. It reported 58 employees.