Child Care Resources Inc

Analysis

Child Care Resources Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 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 June 2023, Child Care Resources Inc reported income of $17.1m and spending of $16.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $19.7m to $17.1m (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2020, when income rose by 57%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Child Care Resources Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Union Station Redevelopment Corp ($17.1m), Bellin College Inc ($17.1m) and North Shore Hebrew Academy ($17.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $344k (2.1% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $17.8m against liabilities of $6.3m, net assets of $11.5m. It reported 118 employees.