Child Care Inc

Analysis

Child Care Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in February 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Child Care Inc reported income of $2.6m and spending of $2.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.6m (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Child Care Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Values Into Action NJ Inc ($2.6m), Kings County Commission on Aging Council ($2.6m) and Silent Task Force ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $136k (6.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.9m against liabilities of $136k, net assets of $3.7m. It reported 77 employees.