Laramie Child Development Corporation

Analysis

Laramie Child Development Corporation is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in January 1975, 51 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 October 2023, Laramie Child Development Corporation reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.1m to $1.2m (+18%), an average of +4.2% a year. The sharpest change came in the year to October 2020, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laramie Child Development Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within WY. Charities of a similar size with the same main cause include Corvallis Montessori Society Inc ($1.2m), The New Haven Reads Community Book Bank Inc ($1.2m) and Raw Inspiration Inc ($1.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $74k (6.1% of expenses). Other salaries and wages came to $798k. At year end it held assets of $291k against liabilities of $144k, net assets of $148k. It reported 31 employees.