Cozy Island Childcare Inc

Analysis

Cozy Island Childcare Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in March 2018, 8 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, Cozy Island Childcare Inc reported income of $3.1m and spending of $2.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $3.1m (+127%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cozy Island Childcare Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include House of Cherith Inc ($3.1m), Mifflin Juniata Area Agency on Aging Inc ($3.1m) and Ability Foundation ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $78k (2.8% of expenses). At year end it held assets of $2.2m against liabilities of $15k, net assets of $2.1m. It reported 57 employees.