Wilkes Day Care Association Inc

Analysis

Wilkes Day Care Association Inc is a registered charity in United States, based in Wilkesboro, NC. It received its IRS tax-exemption ruling in February 1970, 56 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, Wilkes Day Care Association Inc reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.2m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wilkes Day Care Association Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include J Sylvester & Walter Lacy Mullen Memorial Charitable Trust B ($1.2m), National Fraternal Order of Police Foundation ($1.2m) and Community Aid & Development Corporation ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $76k (6.7% of expenses). Other salaries and wages came to $679k. At year end it held assets of $580k against liabilities of $6,786, net assets of $573k. It reported 32 employees.