The Childcare Network

Analysis

The Childcare Network is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in November 1995, 31 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 June 2022, The Childcare Network reported income of $843k and spending of $885k, spending 105% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $851k to $843k (-1.0%), an average of -0.3% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Childcare Network sits at the 73rd percentile: it is larger than about 72% 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 Barberton Area Community Ministries ($843k), Shape Community Center Inc ($843k) and American Friends of Zanaafrica Corp ($843k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $55k (6.2% of expenses). Other salaries and wages came to $120k. At year end it held assets of $163k against liabilities of $134k, net assets of $29k. It reported 11 employees.