Latchkey Child Services Inc

Analysis

Latchkey Child Services Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in March 1993, 33 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 June 2023, Latchkey Child Services Inc reported income of $5.2m and spending of $2.5m, leaving 51% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $5.2m (+268%), an average of +54% a year. The sharpest change came in the year to June 2022, when income rose by 217%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latchkey Child Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OK. Charities of a similar size with the same main cause include Ebenezer Community Support Association Inc ($5.2m), Senior Citizens Inc ($5.2m) and Pathway to Possible Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $830k (33% of expenses). Other salaries and wages came to $784k. At year end it held assets of $3.7m against liabilities of $22k, net assets of $3.7m. It reported 116 employees.