Frederick County Corporation for Quality Child Care

Analysis

Frederick County Corporation for Quality Child Care is a registered charity in United States, based in Jefferson, MD. It received its IRS tax-exemption ruling in November 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Frederick County Corporation for Quality Child Care reported income of $293k and spending of $466k, spending 159% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $281k to $293k (+4.3%), an average of +1.4% a year. The sharpest change came in the year to September 2022, when income rose by 105%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frederick County Corporation for Quality Child Care sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Freedom From Addiction Through Christ ($293k), Housing for the Handicapped of Alachua County Inc ($293k) and Pop Warner Little Scholars Inc ($293k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $102k (22% of expenses). Other salaries and wages came to $158k. At year end it held assets of $52k against liabilities of $5,331, net assets of $47k. It reported 13 employees.