Beginnings Child Care Center

Analysis

Beginnings Child Care Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beginnings Child Care Center reported income of $2.3m and spending of $2.4m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.3m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beginnings Child Care Center 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 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Casa Family Systems ($2.3m), Dryden Ambulance Inc ($2.3m) and University of Texas Foundation No 1 Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $180k (7.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.8m against liabilities of $811k, net assets of $969k. It reported 39 employees.