Newark Day Nursery Assoc Inc

Analysis

Newark Day Nursery Assoc Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in August 1963, 63 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, Newark Day Nursery Assoc Inc reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income rose by 33%. 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, Newark Day Nursery Assoc 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 84th percentile within DE. Charities of a similar size with the same main cause include Lumbee Regional Developement Association Inc ($1.9m), Raje-Usa Inc ($1.9m) and Frank P Phillips Memorial YMCA ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $97k (5.0% of expenses). Other salaries and wages came to $980k. At year end it held assets of $2.7m against liabilities of $153k, net assets of $2.5m. It reported 62 employees.