Georgetown Child Development Center

Analysis

Georgetown Child Development Center is a registered charity in United States, based in Georgetown, KY. It received its IRS tax-exemption ruling in February 1973, 53 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, Georgetown Child Development Center reported income of $1.5m and spending of $1.3m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.5m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Georgetown Child Development Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include Silverton Area Community Aid Inc ($1.5m), Nexus Foundation for Family Healing ($1.5m) and Chazak ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Other salaries and wages came to $864k. At year end it held assets of $1.1m against liabilities of $10k, net assets of $1.1m. It reported 44 employees.