Farmland Child Development Center Child Development Center

Analysis

Farmland Child Development Center Child Development Center is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in February 1977, 49 years ago. 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 August 2023, Farmland Child Development Center Child Development Center reported income of $239k and spending of $230k, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $258k to $239k (-7.4%), an average of -1.9% a year. The sharpest change came in the year to August 2022, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Farmland Child Development Center Child Development Center sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include United Arts Council of Collier County Inc ($239k), Laura Ingalls Wilder Memorial Society Incorporated ($239k) and The Catholic Kolping Society of America Los Angeles Branch Inc ($239k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $24k (11% of expenses). At year end it held assets of $94k against liabilities of $0, net assets of $94k. It reported 11 employees.