Montgomery Child Care Association Inc

Analysis

Montgomery Child Care Association Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Montgomery Child Care Association Inc reported income of $7.8m and spending of $7.1m, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $9.1m to $7.8m (-14%), an average of -3.7% a year. The sharpest change came in the year to August 2022, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Montgomery Child Care Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Inner Circle Foster Family Agency ($7.8m), Everett Gospel Mission ($7.8m) and Community Services Council of Brevard County Inc ($7.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $298k (4.2% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $7.9m against liabilities of $944k, net assets of $6.9m. It reported 180 employees.