Allegany Association for Childhood Education Incorporated

Analysis

Allegany Association for Childhood Education Incorporated is a registered charity in United States, based in Cumberland, MD. It received its IRS tax-exemption ruling in November 1979, 47 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 June 2024, Allegany Association for Childhood Education Incorporated reported income of $354k and spending of $321k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $226k to $354k (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allegany Association for Childhood Education Incorporated sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Shenandoah Valley Lutheran Housing Incorporated ($354k), Wat Khmer Temple Trigoda Jothi- Gnano Choun-Nat ($354k) and 1708 Gallery Inc ($354k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. Other salaries and wages came to $229k. At year end it held assets of $330k against liabilities of $4,497, net assets of $326k. It reported 9 employees.