Palo Alto Va Child Development Inc

Analysis

Palo Alto Va Child Development Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Palo Alto Va Child Development Inc reported income of $1.6m and spending of $1.3m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.6m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palo Alto Va Child Development Inc 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 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Phoenix Charter Academy Foundation ($1.6m), Wayne Christian Academy Inc ($1.6m) and Folds of Honor Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $119k (9.5% of expenses). Other salaries and wages came to $782k. At year end it held assets of $339k against liabilities of $39k, net assets of $300k. It reported 20 employees.