McMillians First Steps Child Care

Analysis

McMillians First Steps Child Care is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, McMillians First Steps Child Care reported income of $267k and spending of $231k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $267k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, McMillians First Steps Child Care sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within LA. Charities of a similar size with the same main cause include Food for Our Children Inc ($267k), Hikmah Education Center ($267k) and Mississippians Against Human Trafficking ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $64k (28% of expenses). Other salaries and wages came to $61k. At year end it held assets of $38k against liabilities of $1,558, net assets of $36k. It reported 3 employees.