Interlake Child Care and Learning Center

Analysis

Interlake Child Care and Learning Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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 August 2023, Interlake Child Care and Learning Center reported income of $1.3m and spending of $1.4m, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.3m (+13%), an average of +3.2% a year. The sharpest change came in the year to August 2021, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interlake Child Care and Learning Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Association for Consumer Research ($1.3m), Guernsey Residential Inc ($1.3m) and Habitat for Humanity International Inc ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $64k (4.5% of expenses). Other salaries and wages came to $862k. At year end it held assets of $588k against liabilities of $208k, net assets of $380k. It reported 33 employees.