Academy Child Development Center Inc

Analysis

Academy Child Development Center Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Academy Child Development Center Inc reported income of $2.1m and spending of $2.4m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $2.1m (-48%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 38%. 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, Academy Child Development Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Tacoma Teachers Home Association ($2.1m), The C a R E Center ($2.1m) and Jan Peterson Child Day Care Center Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.3% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $227k (9.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.9m against liabilities of $435k, net assets of $2.5m. It reported 51 employees.