Hobe Sound Child Care Center Inc

Analysis

Hobe Sound Child Care Center Inc is a registered charity in United States, based in Hobe Sound, FL. It received its IRS tax-exemption ruling in May 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hobe Sound Child Care Center Inc reported income of $3.7m and spending of $2.9m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $636k to $3.7m (+482%), an average of +55% a year. The sharpest change came in the year to June 2020, when income rose by 100%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hobe Sound Child Care Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Somali Community Resettlement of Olmsted County ($3.7m), Fathers Heart Street Ministry ($3.7m) and International Families Association ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $4.5m against liabilities of $1.2m, net assets of $3.3m. It reported 83 employees.