Love First Child Development Center Inc

Analysis

Love First Child Development Center Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2023, 3 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, Love First Child Development Center Inc reported income of $1.5m and spending of $1.5m, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $303k to $1.5m (+410%), an average of +410% a year. The sharpest change came in the year to December 2023, when income rose by 410%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love First Child Development Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 62nd percentile within DC. Charities of a similar size with the same main cause include Northeast Indiana Positive Resource Connection Inc ($1.5m), Critter Barn ($1.5m) and Milton Family Community Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Other salaries and wages came to $938k. At year end it held assets of $215k against liabilities of $0, net assets of $215k.