Small Wonders Child Development Center of Lakeland Inc

Analysis

Small Wonders Child Development Center of Lakeland Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in November 2015, 11 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 February 2024, Small Wonders Child Development Center of Lakeland Inc reported income of $1.9m and spending of $2.1m, spending 110% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income grew from $1.7m to $1.9m (+17%), an average of +3.9% a year. The sharpest change came in the year to February 2022, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Small Wonders Child Development Center of Lakeland 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 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Houseproud Atlanta Inc ($1.9m), Horizons Social Services of Adams County Inc ($1.9m) and Jorge Mas Canosa Freedom Foundation Inc ($1.9m).

On its Form 990 for the period ending February 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $68k (3.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $275k against liabilities of $61k, net assets of $215k. It reported 69 employees.