Moody Early Childhood Center

Analysis

Moody Early Childhood Center is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in May 2016, 10 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 August 2023, Moody Early Childhood Center reported income of $5.5m and spending of $6.7m, spending 122% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $5.9m to $5.5m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to August 2020, when income rose by 53%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Moody Early Childhood Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Groveport Madison Christian School ($5.5m), Virginia Commonwealth University College of Engineering Foundation ($5.5m) and Fayetteville State University Foundation Inc ($5.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 51% and program service revenue 31% of the total. Other salaries and wages came to $4.6m. At year end it held assets of $6.7m against liabilities of $831k, net assets of $5.9m. It reported 161 employees.