Takoma Park Child Development Center Incorporated

Analysis

Takoma Park Child Development Center Incorporated is a registered charity in United States, based in Takoma Park, MD. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Takoma Park Child Development Center Incorporated reported income of $2.2m and spending of $2.1m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.2m (+18%), an average of +4.2% a year. The sharpest change came in the year to September 2021, when income rose by 50%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Takoma Park Child Development Center Incorporated 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 87th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Early Excellence Project ($2.2m), American Friends of Dbi Inc ($2.2m) and Gary Middle College Inc ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $102k (4.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.4m against liabilities of $124k, net assets of $1.3m. It reported 41 employees.