Foundations First Child Care Ministry

Analysis

Foundations First Child Care Ministry is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in January 2017, 9 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, Foundations First Child Care Ministry reported income of $825k and spending of $462k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $825k (+233%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundations First Child Care Ministry sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Calvary Christian School Inc ($825k), San Anselmo Montessori School ($826k) and Bilingual Veterans Outreach Centers of Massachusetts Inc ($825k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $226k (49% of expenses). At year end it held assets of $432k against liabilities of $0, net assets of $432k. It reported 23 employees.