Honeybear Daycare Center Inc

Analysis

Honeybear Daycare Center Inc is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Honeybear Daycare Center Inc reported income of $443k and spending of $324k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $269k to $443k (+65%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Honeybear Daycare Center Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MT. Charities of a similar size with the same main cause include Foundation of the Jewish Family & Childrens Services of Phila Inc ($443k), Midsouth Martial Arts ($443k) and Loudoun Cares ($443k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $91k (28% of expenses). Other salaries and wages came to $95k. At year end it held assets of $328k against liabilities of $6,500, net assets of $322k. It reported 11 employees.