Child Care Associates

Analysis

Child Care Associates is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in August 1969, 57 years ago. 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, Child Care Associates reported income of $147.7m and spending of $139.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $86.1m to $147.7m (+72%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Child Care Associates sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Healthright 360 ($147.3m), Community Day Care Center of Lawrence Inc ($148.4m) and Rosalind Franklin University of Medicine & Science ($145.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Other salaries and wages came to $27.4m. At year end it held assets of $28.8m against liabilities of $8.2m, net assets of $20.6m. It reported 764 employees.