Silver Spring Child Day Care Association Inc

Analysis

Silver Spring Child Day Care Association Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Silver Spring Child Day Care Association Inc reported income of $1.1m and spending of $946k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $592k to $1.1m (+85%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silver Spring Child Day Care Association Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Hermanos Carmelitas Teresas de San Jose Inc ($1.1m), Prescott Community Cupboard Food Bank Inc ($1.1m) and Creative Environment Day Care Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $85k (9.0% of expenses). Other salaries and wages came to $552k. At year end it held assets of $385k against liabilities of $0, net assets of $385k. It reported 14 employees.