Waverly Road Child Care Center Inc

Analysis

Waverly Road Child Care Center Inc is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in June 1988, 38 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 September 2023, Waverly Road Child Care Center Inc reported income of $493k and spending of $423k, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $361k to $493k (+37%), an average of +8.1% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waverly Road Child Care Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Life Issues Institute ($493k), Leading Edge International Ltd ($493k) and John a Logan College Foundation ($493k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $33k (7.8% of expenses). Other salaries and wages came to $310k. At year end it held assets of $340k against liabilities of $0, net assets of $340k. It reported 22 employees.