North Carolina Day Care Association

Analysis

North Carolina Day Care Association is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, North Carolina Day Care Association reported income of $820k and spending of $902k, spending 110% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $500k to $820k (+64%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Day Care Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Diamond Educational Excellence Partnership ($820k), Friends of Confluence Academy ($820k) and Graham Community Foundation ($820k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $77k (8.5% of expenses). Other salaries and wages came to $313k. At year end it held assets of $541k against liabilities of $14k, net assets of $526k. It reported 7 employees.