Bells Educare Pre School and Daycare Center

Analysis

Bells Educare Pre School and Daycare Center is a registered charity in United States, based in Canton, MS. It received its IRS tax-exemption ruling in April 1989, 37 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 December 2023, Bells Educare Pre School and Daycare Center reported income of $526k and spending of $812k, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $394k to $526k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 144%. Over the whole period it spent 168% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bells Educare Pre School and Daycare Center sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MS. Charities of a similar size with the same main cause include Mid-Texas Symphony Society ($526k), Allex Inc ($526k) and Volunteers of America Inc ($526k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $172k (21% of expenses). Other salaries and wages came to $273k. At year end it held assets of $1.5m against liabilities of $591k, net assets of $901k. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.