Quarry Kids Child Care Center

Analysis

Quarry Kids Child Care Center is a registered charity in United States, based in Sandstone, MN. It received its IRS tax-exemption ruling in March 2022, 4 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, Quarry Kids Child Care Center reported income of $556k and spending of $551k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $216k to $556k (+158%), an average of +158% a year. The sharpest change came in the year to December 2023, when income rose by 158%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Quarry Kids Child Care Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Glacier Valley Transit ($556k), Senior and Family Services Inc ($557k) and Neighbors Feeding Neighbors Food Ministry ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $53k (9.6% of expenses). Other salaries and wages came to $351k. At year end it held assets of $96k against liabilities of $216k, net assets of -$120k. It reported 19 employees.