Special Hearts Daycare Inc

Analysis

Special Hearts Daycare Inc is a registered charity in United States, based in Baltic, OH. It received its IRS tax-exemption ruling in November 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, Special Hearts Daycare Inc reported income of $563k and spending of $552k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $89k to $563k (+534%), an average of +152% a year. The sharpest change came in the year to December 2022, when income rose by 858%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Special Hearts Daycare Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Darul Sadaqa786 ($563k), Cameron Road Daycare Inc ($563k) and Salem Foundation ($563k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $185k. At year end it held assets of $624k against liabilities of $0, net assets of $624k. It reported 13 employees.