Beresford Child Care Inc

Analysis

Beresford Child Care Inc is a registered charity in United States, based in Beresford, SD. It received its IRS tax-exemption ruling in November 2002, 24 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, Beresford Child Care Inc reported income of $264k and spending of $285k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $264k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beresford Child Care Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within SD. Charities of a similar size with the same main cause include Hope Matters Marriage Ministries ($264k), Kearsarge Area Council on Aging Inc Treasurer ($264k) and Center for Positive Aging in Lower Merion ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Other salaries and wages came to $230k. At year end it held assets of $169k against liabilities of $31k, net assets of $137k. It reported 23 employees.