Sylvia Kuvet Memorial Child Care Center

Analysis

Sylvia Kuvet Memorial Child Care Center is a registered charity in United States, based in Freeport, TX. It received its IRS tax-exemption ruling in June 1971, 55 years ago. 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, Sylvia Kuvet Memorial Child Care Center reported income of $1.3m and spending of $776k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $511k to $1.3m (+151%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sylvia Kuvet Memorial Child Care Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Generation Steam ($1.3m), United Way of Miami County Inc ($1.3m) and Louisiana Symphony Association ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $54k (7.0% of expenses). Other salaries and wages came to $368k. At year end it held assets of $1.6m against liabilities of $3,782, net assets of $1.6m. It reported 17 employees.