Georgetown Hill Child Care Center Inc

Analysis

Georgetown Hill Child Care Center Inc is a registered charity in United States, based in Montgomry VLG, MD. It received its IRS tax-exemption ruling in September 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, Georgetown Hill Child Care Center Inc reported income of $28.2m and spending of $26.0m, spending 92% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $12.2m to $28.2m (+132%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 290%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Georgetown Hill Child Care Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Community Resources Staten Island Inc ($28.2m), Good Shepherd Long-Term Care Facility ($28.2m) and St Vincent de Paul of Baltimore Inc ($28.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.2m (4.4% of expenses). Other salaries and wages came to $15.9m. At year end it held assets of $25.9m against liabilities of $19.3m, net assets of $6.6m. It reported 516 employees.