Colts Corner Daycare Center

Analysis

Colts Corner Daycare Center is a registered charity in United States, based in Belmond, IA. It received its IRS tax-exemption ruling in January 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, Colts Corner Daycare Center reported income of $627k and spending of $500k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $254k to $627k (+146%), an average of +146% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Colts Corner Daycare Center sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include Lowndes Associated Ministries to People Lamp Inc ($627k), Sexual Assault Victims Advocacy Center Inc ($627k) and African Immigrants Community Services ($627k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $344k. At year end it held assets of $321k against liabilities of $7,392, net assets of $314k. It reported 46 employees.