Advance Child Care Inc

Analysis

Advance Child Care Inc is a registered charity in United States, based in Corsicana, TX. It received its IRS tax-exemption ruling in June 1990, 36 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 2023, Advance Child Care Inc reported income of $25.7m and spending of $25.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.4m to $25.7m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Advance Child Care Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Food for Education Foundation Inc ($25.7m), Community Progress Council Inc ($25.7m) and Villa Nazareth ($25.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $554k (2.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $9.2m against liabilities of $6.3m, net assets of $2.9m. It reported 35 employees.