Kingsport Child Development Center

Analysis

Kingsport Child Development Center is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in February 1964, 62 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, Kingsport Child Development Center reported income of $1.2m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $699k to $1.2m (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kingsport 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 82nd percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Foundation for Hospital Art Inc ($1.2m), San Bernardino Valley College Foundation ($1.2m) and Mill Valley Livearts ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $50k (4.3% of expenses). Other salaries and wages came to $728k. At year end it held assets of $1.2m against liabilities of $39k, net assets of $1.2m. It reported 50 employees.