Employees Day Care Corporation

Analysis

Employees Day Care Corporation is a registered charity in United States, based in Idaho Falls, ID. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Employees Day Care Corporation reported income of $521k and spending of $850k, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $753k to $521k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 150% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Employees Day Care Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within ID. Charities of a similar size with the same main cause include Toys for Texans ($521k), Waynesboro New Hope Shelter Inc ($522k) and Norma Gist Peoples Free Child Development Program Inc ($521k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 92% of the total. Other salaries and wages came to $594k. At year end it held assets of $27k against liabilities of $666k, net assets of -$639k. It reported 43 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.