Marizetta Kerry Child Development Center Inc

Analysis

Marizetta Kerry Child Development Center Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Marizetta Kerry Child Development Center Inc reported income of $2.3m and spending of $2.5m, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.0m to $2.3m (+17%), an average of +5.4% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marizetta Kerry Child Development Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include P a T H Inc ($2.3m), Cornucopia Services ($2.3m) and Howard Center Inc ($2.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $276k (11% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.2m against liabilities of $71k, net assets of $1.1m. It reported 42 employees.