Child Care Center of First Presbyterian Church Inc

Analysis

Child Care Center of First Presbyterian Church Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in July 1969, 57 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 December 2023, Child Care Center of First Presbyterian Church Inc reported income of $1.1m and spending of $1.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $943k to $1.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Child Care Center of First Presbyterian Church Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Basin Dream Center for Orphans ($1.1m), East Calvary Day Care Center Inc ($1.1m) and Mission LA ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $78k (7.4% of expenses). Other salaries and wages came to $623k. It paid $1,932 in professional fundraising fees. At year end it held assets of $379k against liabilities of $20k, net assets of $359k. It reported 39 employees.