Panhandle Day Care Center Inc

Analysis

Panhandle Day Care Center Inc is a registered charity in United States, based in Scottsbluff, NE. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 October 2023, Panhandle Day Care Center Inc reported income of $244k and spending of $259k, spending 106% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $291k to $244k (-16%), an average of -4.4% a year. The sharpest change came in the year to October 2021, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Panhandle Day Care Center Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NE. Charities of a similar size with the same main cause include Entrusted Houston ($243k), Cognitive Connection Corporation ($244k) and The Charlotte Center for the Humanities Inc ($243k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $48k (18% of expenses). Other salaries and wages came to $147k. At year end it held assets of $206k against liabilities of $2,634, net assets of $204k. It reported 11 employees.