Wayne Reed Christian Child Care Center

Analysis

Wayne Reed Christian Child Care Center is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 1996, 30 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, Wayne Reed Christian Child Care Center reported income of $1.2m and spending of $839k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $786k to $1.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wayne Reed Christian Child Care Center sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Orting Food Bank Inc ($1.2m), El Centro Amistad ($1.2m) and North Star Initiative ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $55k (6.6% of expenses). Other salaries and wages came to $426k. It paid $18k in professional fundraising fees. At year end it held assets of $3.8m against liabilities of $54k, net assets of $3.8m. It reported 19 employees.