Loving Care Day Care Center Inc

Analysis

Loving Care Day Care Center Inc is a registered charity in United States, based in Nicholasville, KY. It received its IRS tax-exemption ruling in June 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loving Care Day Care Center Inc reported income of $1.1m and spending of $905k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $571k to $1.1m (+86%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loving Care Day Care Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KY. Charities of a similar size with the same main cause include Afro-American Music Institute Inc ($1.1m), New London Outing Club ($1.1m) and Disabled and Alone Life Services for the Handicapped Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $102k (11% of expenses). Other salaries and wages came to $404k. At year end it held assets of $620k against liabilities of $3,443, net assets of $617k. It reported 39 employees.