Morristown-Hamblen Child Care Centers Inc

Analysis

Morristown-Hamblen Child Care Centers Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in July 1976, 50 years ago. 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, Morristown-Hamblen Child Care Centers Inc reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $660k to $1.1m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morristown-Hamblen Child Care Centers Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Ray Bird Ministries Inc ($1.1m), Ronald McDonald House Charities of the Carolinas Inc ($1.1m) and National Space Society ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Other salaries and wages came to $431k. At year end it held assets of $215k against liabilities of $128k, net assets of $87k. It reported 21 employees.