Naugatuck Day Care Inc

Analysis

Naugatuck Day Care Inc is a registered charity in United States, based in Naugatuck, CT. It received its IRS tax-exemption ruling in October 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Naugatuck Day Care Inc reported income of $661k and spending of $674k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $340k to $661k (+94%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 51%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Naugatuck Day Care Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Community Outreach Ministries of Bolivar Mo ($661k), Bart Ehrman Foundation ($662k) and Totally Kids Inc ($661k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $50k (7.5% of expenses). Other salaries and wages came to $326k. At year end it held assets of $505k against liabilities of $145k, net assets of $360k. It reported 10 employees.