Gan Amy Center for Early Childhood Inc

Analysis

Gan Amy Center for Early Childhood Inc is a registered charity in United States, based in W Hempstead, NY. It received its IRS tax-exemption ruling in May 2021, 5 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, Gan Amy Center for Early Childhood Inc reported income of $1.1m and spending of $1.0m, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $342k to $1.1m (+231%), an average of +82% a year. The sharpest change came in the year to December 2022, when income rose by 179%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gan Amy Center for Early Childhood Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Dale K Graham Veterans Foundation ($1.1m), Young Womens Christian Assoc of Bellingham ($1.1m) and Level Up Solutions Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $130k (12% of expenses). Other salaries and wages came to $565k. At year end it held assets of $1.1m against liabilities of $927k, net assets of $206k. It reported 23 employees.