Little Beginnings Child Development Center

Analysis

Little Beginnings Child Development Center is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in October 1983, 43 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, Little Beginnings Child Development Center reported income of $1.4m and spending of $1.6m, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.5m to $1.4m (-7.4%), an average of -1.9% a year. The sharpest change came in the year to August 2021, when income rose by 67%. 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, Little Beginnings Child Development Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Family Abuse Shelter of Miami County Inc ($1.4m), Broward Sheriffs Advisory Council Inc ($1.4m) and Uscgst Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $78k (4.9% of expenses). Other salaries and wages came to $981k. At year end it held assets of $663k against liabilities of $89k, net assets of $574k. It reported 37 employees.