Early Education and Care Inc

Analysis

Early Education and Care Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in November 1972, 54 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 June 2023, Early Education and Care Inc reported income of $8.8m and spending of $9.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $8.8m (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Early Education and Care Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Central Aroostook Association ($8.8m), Capability Health & Human Services ($8.8m) and The Jenkins Memorial Childrens Center and Jenkins Industries Inc ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $4.9m. At year end it held assets of $8.1m against liabilities of $2.8m, net assets of $5.3m. It reported 195 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.