Bon Aqua Daycare Center Inc

Analysis

Bon Aqua Daycare Center Inc is a registered charity in United States, based in Bon Aqua, TN. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bon Aqua Daycare Center Inc reported income of $2.0m and spending of $1.7m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $920k to $2.0m (+117%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bon Aqua Daycare Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Erc Resource & Referral Inc ($2.0m), Volusia-Flagler County Coalition for the Homeless Inc ($2.0m) and Vision for Children at Risk Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $119k (7.2% of expenses). Other salaries and wages came to $729k. At year end it held assets of $404k against liabilities of $0, net assets of $404k. It reported 83 employees.