Gothenburg Child Care Inc

Analysis

Gothenburg Child Care Inc is a registered charity in United States, based in Gothenburg, NE. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gothenburg Child Care Inc reported income of $420k and spending of $451k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $283k to $420k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gothenburg Child Care Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NE. Charities of a similar size with the same main cause include Forward Steps Foundation ($420k), Artvango Therapeutic Services Inc ($420k) and Colleton County Council on Aging Inc ($420k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $337k. At year end it held assets of $102k against liabilities of $1,838, net assets of $100k.