Method Child Development Center Inc

Analysis

Method Child Development Center Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Method Child Development Center Inc reported income of $1.1m and spending of $1.1m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $742k to $1.1m (+54%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 35%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Method Child Development Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Light of Life Ministries Inc ($1.1m), Ena Foundation ($1.1m) and Oklahoma Sheriff Association ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $66k (6.1% of expenses). Other salaries and wages came to $614k. At year end it held assets of $675k against liabilities of $3,104, net assets of $672k. It reported 26 employees.