Hagerstown Day Nursery

Analysis

Hagerstown Day Nursery is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in February 1942, 84 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 2023, Hagerstown Day Nursery reported income of $225k and spending of $167k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $147k to $225k (+53%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 88%. 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, Hagerstown Day Nursery sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include Massb Foundation ($225k), Autism Health Insurance Project Inc ($225k) and Lila Lane Outreach ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $57k (34% of expenses). Other salaries and wages came to $66k. At year end it held assets of $492k against liabilities of $3,652, net assets of $489k. It reported 6 employees.