The Child Care Center Inc

Analysis

The Child Care Center Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 1983, 43 years ago. 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, The Child Care Center Inc reported income of $2.1m and spending of $1.6m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.1m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Child Care Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Badlands Natural History Association Inc ($2.1m), Transportation Administration of Cleveland County Inc ($2.1m) and Child Advocacy & Parenting Service Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $992k. At year end it held assets of $1.9m against liabilities of $131k, net assets of $1.7m. It reported 46 employees.