Abernethy Memorial Child Development Center

Analysis

Abernethy Memorial Child Development Center is a registered charity in United States, based in Newton, NC. It received its IRS tax-exemption ruling in October 2016, 10 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 December 2022, Abernethy Memorial Child Development Center reported income of $928k and spending of $844k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $632k to $928k (+47%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abernethy Memorial Child Development Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include New Horizons Group Homes Incorporated ($928k), Access Family Services Inc ($928k) and Childrens Village Inc ($928k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 65% of the total. Compensation of current officers, directors and key employees was $77k (9.1% of expenses). Other salaries and wages came to $487k. At year end it held assets of $311k against liabilities of $0, net assets of $311k. It reported 28 employees.