Holy Family Child Care & Development Center Inc

Analysis

Holy Family Child Care & Development Center Inc is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2024, Holy Family Child Care & Development Center Inc reported income of $1.5m and spending of $1.2m, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.3m to $1.5m (+17%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Family Child Care & Development Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within WV. Charities of a similar size with the same main cause include Teamsters Convention Industry Training Fund ($1.5m), Laramie Interfaith ($1.5m) and Nami Pinellas County Florida Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $70k (5.6% of expenses). Other salaries and wages came to $734k. At year end it held assets of $853k against liabilities of $97k, net assets of $756k. It reported 46 employees.