Foundations Community Childcare Inc

Analysis

Foundations Community Childcare Inc is a registered charity in United States, based in Ashland, OH. It received its IRS tax-exemption ruling in June 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, Foundations Community Childcare Inc reported income of $2.9m and spending of $26k, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $2.9m (+3867%), an average of +3867% a year. The sharpest change came in the year to December 2023, when income rose by 3867%. Over the whole period it spent 0.9% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundations Community Childcare Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Clausen House Inc ($2.9m), Diakonia Inc ($2.9m) and Edmonds Senior Center ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.