First Lutheran Day Care Center Inc

Analysis

First Lutheran Day Care Center Inc is a registered charity in United States, based in Mitchell, SD. It received its IRS tax-exemption ruling in October 1977, 49 years ago. 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 May 2024, First Lutheran Day Care Center Inc reported income of $288k and spending of $316k, spending 110% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $294k to $288k (-1.8%), an average of -0.5% a year. The sharpest change came in the year to May 2022, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Lutheran Day Care Center Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within SD. Charities of a similar size with the same main cause include Interfaith Counseling Center Inc ($288k), O P Morganthaler Foundation Inc ($288k) and PTA Florida Congress ($288k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $65k (21% of expenses). Other salaries and wages came to $178k. At year end it held assets of $134k against liabilities of $406, net assets of $133k. It reported 19 employees.