Converse Child Care Center

Analysis

Converse Child Care Center is a registered charity in United States, based in Converse, TX. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Converse Child Care Center reported income of $1.8m and spending of $1.4m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $1.8m (+453%), an average of +53% a year. The sharpest change came in the year to December 2022, when income rose by 131%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Converse Child Care Center 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 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Dunes Christian Educators Inc ($1.8m), Bright Prospect ($1.8m) and Saint John Paul II School ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $884k. At year end it held assets of $521k against liabilities of $497k, net assets of $24k. It reported 29 employees.