Carroll Child Care Centers Inc

Analysis

Carroll Child Care Centers Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in April 1969, 57 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 June 2023, Carroll Child Care Centers Inc reported income of $582k and spending of $603k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $344k to $582k (+70%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carroll Child Care Centers Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Rebuilding Together Fargo-Moorhead Area Inc ($582k), Federation of Families of Central Florida Inc ($583k) and Firstlight Community Foundation Inc ($582k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $45k (7.5% of expenses). Other salaries and wages came to $387k. At year end it held assets of $506k against liabilities of $125k, net assets of $380k. It reported 23 employees.