Garretson Child Care Corporation

Analysis

Garretson Child Care Corporation is a registered charity in United States, based in Garretson, SD. It received its IRS tax-exemption ruling in August 1993, 33 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, Garretson Child Care Corporation reported income of $1.3m and spending of $987k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $563k to $1.3m (+139%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Garretson Child Care Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within SD. Charities of a similar size with the same main cause include Young Mens Christian Association ($1.3m), Service Over Self Incorporated ($1.3m) and Drylands Agroecology Research Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Other salaries and wages came to $522k. At year end it held assets of $1.9m against liabilities of $826k, net assets of $1.1m. It reported 68 employees.