Library of Congress Child Care Association

Analysis

Library of Congress Child Care Association is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Library of Congress Child Care Association reported income of $2.2m and spending of $2.1m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.8m to $2.2m (+19%), an average of +4.5% a year. The sharpest change came in the year to August 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Library of Congress Child Care Association sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 68th percentile within DC. Charities of a similar size with the same main cause include Happy Hands Education Center Inc ($2.2m), Lower Cape Outreach Council Inc ($2.2m) and Revive Center for Housing and Healing ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $141k (6.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $479k against liabilities of $314k, net assets of $165k. It reported 40 employees.