Caring Hands Daycare Center Inc

Analysis

Caring Hands Daycare Center Inc is a registered charity in United States, based in Larned, KS. It received its IRS tax-exemption ruling in July 2006, 20 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, Caring Hands Daycare Center Inc reported income of $252k and spending of $206k, spending 82% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $234k to $252k (+7.8%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring Hands Daycare Center Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within KS. Charities of a similar size with the same main cause include Peterborough Area Community Aid Inc ($252k), Schuyler County Council on Aging ($252k) and Great Beginnings Early Childhood Center ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $165k. At year end it held assets of $229k against liabilities of $4,831, net assets of $224k. It reported 11 employees.