Main Street Day Care Center Inc

Analysis

Main Street Day Care Center Inc is a registered charity in United States, based in Suffolk, VA. It received its IRS tax-exemption ruling in February 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 December 2022, Main Street Day Care Center Inc reported income of $1.2m and spending of $1.1m, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $831k to $1.2m (+39%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Main Street Day Care Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include RCDC Inc ($1.2m), Child Evangelism Fellowship Inc ($1.2m) and Tarkio College Foundation ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $63k (5.5% of expenses). Other salaries and wages came to $804k. At year end it held assets of $308k against liabilities of -$635, net assets of $308k.