Discovery Time II Child Care Ministry Inc

Analysis

Discovery Time II Child Care Ministry Inc is a registered charity in United States, based in New Albany, IN. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Discovery Time II Child Care Ministry Inc reported income of $1.2m and spending of $1.5m, spending 119% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.1m to $1.2m (+13%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Discovery Time II Child Care Ministry Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Gibson Center for Senior Services Inc ($1.2m), 5cs Child Care Centers ($1.2m) and Young Mens Christian Association ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $48k (3.3% of expenses). Other salaries and wages came to $859k. It paid $16k in professional fundraising fees. At year end it held assets of $199k against liabilities of $19k, net assets of $180k. It reported 53 employees.