Barrett Early Learning Center Inc

Analysis

Barrett Early Learning Center Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in March 1966, 60 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 December 2023, Barrett Early Learning Center Inc reported income of $845k and spending of $646k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $533k to $845k (+58%), an average of +12% a year. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Barrett Early Learning Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Bench Mark Program ($845k), Jewish Federation of Howard County Inc ($845k) and Marcellus Free Library ($845k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $63k (9.8% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 14 employees.