New Castle County Head Start Inc

Analysis

New Castle County Head Start Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in September 1976, 50 years ago. 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 July 2024, New Castle County Head Start Inc reported income of $8.2m and spending of $8.2m, spending 101% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $6.3m to $8.2m (+30%), an average of +5.5% a year. The sharpest change came in the year to July 2022, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Castle County Head Start Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within DE. Charities of a similar size with the same main cause include Georgia Research Alliance Inc ($8.2m), National Plastering Industrys Joint Apprenticeship Trust Fund ($8.2m) and City Mission of Schenectady ($8.2m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $155k (1.9% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $2.1m against liabilities of $1.6m, net assets of $495k. It reported 123 employees.