Child Development Center Inc

Analysis

Child Development Center Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in November 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Child Development Center Inc reported income of $1.8m and spending of $1.6m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $1.8m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Child Development Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Cyclones Amateur Hockey Association ($1.8m), Menachem Education Foundation Inc ($1.8m) and Everglades Preparatory Academy Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $74k (4.6% of expenses). Other salaries and wages came to $912k. At year end it held assets of $2.7m against liabilities of $464k, net assets of $2.3m. It reported 31 employees.