Royal Castle Child Development Center Inc

Analysis

Royal Castle Child Development Center Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 1998, 28 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 2022, Royal Castle Child Development Center Inc reported income of $1.6m and spending of $984k, leaving 40% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $726k to $1.6m (+125%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Royal Castle Child Development Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within LA. Charities of a similar size with the same main cause include TMP Enterprises Inc ($1.6m), Community United Way of Pioneer Valley Inc ($1.6m) and Stepping Stones Early Learning Center Inc ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $200k (20% of expenses). Other salaries and wages came to $483k. At year end it held assets of $350k against liabilities of $0, net assets of $350k. It reported 61 employees.