TLC Child Care Inc

Analysis

TLC Child Care Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, TLC Child Care Inc reported income of $1.7m and spending of $1.2m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.7m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TLC Child Care Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Hope Street Group ($1.7m), Help and Emergency Response Inc ($1.7m) and Spanish American Center Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $25k (2.2% of expenses). Other salaries and wages came to $304k. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m. It reported 37 employees.