Little Lakers Child Care Center

Analysis

Little Lakers Child Care Center is a registered charity in United States, based in Lake Crystal, MN. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Little Lakers Child Care Center reported income of $713k and spending of $702k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $186k to $713k (+284%), an average of +96% a year. The sharpest change came in the year to December 2022, when income rose by 292%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Lakers Child Care Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Fundacion Alas a LA Mujer Inc ($713k), Restored ($713k) and Canfield Fair Foundation ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $461k. At year end it held assets of $917k against liabilities of $648k, net assets of $269k.