Sumner Daycare & Learning Center Inc

Analysis

Sumner Daycare & Learning Center Inc is a registered charity in United States, based in Sumner, IA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sumner Daycare & Learning Center Inc reported income of $746k and spending of $278k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $187k to $746k (+299%), an average of +299% a year. The sharpest change came in the year to December 2023, when income rose by 299%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sumner Daycare & Learning Center Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within IA. Charities of a similar size with the same main cause include High School Inc Academies Foundation ($746k), LA Vie Christian Academy Corp ($747k) and Hands of Hope USA ($746k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Other salaries and wages came to $180k. At year end it held assets of $599k against liabilities of $0, net assets of $599k. It reported 27 employees.