Early Years Inc

Analysis

Early Years Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in June 1987, 39 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 June 2023, Early Years Inc reported income of $39.9m and spending of $39.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.0m to $39.9m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Early Years Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include South Central Human Resource Agency Inc ($39.8m), Habitat for Humanity International ($40.0m) and Food Bank of the Rio Grande Valley Inc ($39.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $393k (1.0% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $10.9m against liabilities of $3.5m, net assets of $7.3m. It reported 169 employees.