Red Door Early Learning Center Inc

Analysis

Red Door Early Learning Center Inc is a registered charity in United States, based in Center Valley, PA. It received its IRS tax-exemption ruling in September 2017, 9 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 June 2023, Red Door Early Learning Center Inc reported income of $1.4m and spending of $1.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $874k to $1.4m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 47%. 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, Red Door Early Learning Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Williamsburg Neighborhood Nursery School ($1.4m), Nextgen Network Inc ($1.4m) and Discovery School ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $96k (6.8% of expenses). Other salaries and wages came to $700k. At year end it held assets of $984k against liabilities of $856k, net assets of $127k. It reported 39 employees.