Childcaregroup

Analysis

Childcaregroup is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 1942, 84 years ago. 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, Childcaregroup reported income of $41.1m and spending of $39.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.4m to $41.1m (+76%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childcaregroup sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Merit Network Inc ($41.1m), F I T Student Housing Corporation ($41.2m) and Augusta University Foundation Inc ($41.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $310k (0.8% of expenses). Other salaries and wages came to $19.7m. At year end it held assets of $24.9m against liabilities of $17.2m, net assets of $7.7m. It reported 509 employees.