Westminster Child Care Center

Analysis

Westminster Child Care Center is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in September 1972, 54 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, Westminster Child Care Center reported income of $1.0m and spending of $1.1m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.0m (-6.3%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westminster Child Care Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Calvary Community Services Inc ($1.0m), Eastminster Community Concerns Inc ($1.0m) and Cambridgeport Child Care Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $116k (10% of expenses). Other salaries and wages came to $651k. At year end it held assets of $415k against liabilities of $10k, net assets of $405k. It reported 41 employees.