Child Care Resources Inc

Analysis

Child Care Resources Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 1993, 33 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 September 2023, Child Care Resources Inc reported income of $18.0m and spending of $18.4m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.3m to $18.0m (+74%), an average of +15% a year. The sharpest change came in the year to September 2023, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Child Care Resources Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Reformed Church Ministries to the Aging the Particular Synod of the ($18.0m), Metrocrest Services ($18.0m) and Union of Pan Asian Communities ($18.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $221k (1.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.1m against liabilities of $4.1m, net assets of $985k. It reported 28 employees.