Northwest Child Development Centers Inc

Analysis

Northwest Child Development Centers Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in October 1984, 42 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 June 2023, Northwest Child Development Centers Inc reported income of $483k and spending of $533k, spending 110% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $551k to $483k (-12%), an average of -6.3% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northwest Child Development Centers Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Clarkston Development Foundation ($483k), The Crossing of Manitowoc County Inc ($483k) and Wvhy Inc ($483k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $286k. At year end it held assets of $2.4m against liabilities of $26k, net assets of $2.3m. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.