Partners in Learning Child Development Center Inc

Analysis

Partners in Learning Child Development Center Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in April 1999, 27 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, Partners in Learning Child Development Center Inc reported income of $5.5m and spending of $3.4m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $5.5m (+110%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 213%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Partners in Learning Child Development Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Spring Meadow Resources Inc ($5.5m), Mamas Kitchen ($5.5m) and Northeast Ohio Hospice Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $63k (1.9% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $10.7m against liabilities of $3,024, net assets of $10.7m. It reported 141 employees.