Newton Child Development Center

Analysis

Newton Child Development Center is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in February 1975, 51 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 December 2023, Newton Child Development Center reported income of $451k and spending of $499k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $451k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newton Child Development Center sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Charles D Nelson TR ($451k), Morris W Stroud 3rd TR Uw Pennswood No 1 ($451k) and Williams County Humane Society ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Other salaries and wages came to $305k. At year end it held assets of $476k against liabilities of $104k, net assets of $373k. It reported 11 employees.