Swannanoa Valley Child Care Council Inc

Analysis

Swannanoa Valley Child Care Council Inc is a registered charity in United States, based in Black MTN, NC. It received its IRS tax-exemption ruling in April 1982, 44 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 December 2023, Swannanoa Valley Child Care Council Inc reported income of $1.5m and spending of $1.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+27%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Swannanoa Valley Child Care Council Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Missouri Freedom Foundation ($1.5m), Montessori School of Rochester ($1.5m) and Citizens Against Physical Sexual and Emotional Abuse Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $47k (3.6% of expenses). Other salaries and wages came to $828k. At year end it held assets of $1.9m against liabilities of $288k, net assets of $1.7m. It reported 34 employees.