Little Anchor Child Care Western Regional Center

Analysis

Little Anchor Child Care Western Regional Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 1991, 35 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 December 2023, Little Anchor Child Care Western Regional Center reported income of $1.3m and spending of $1.5m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $944k to $1.3m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Little Anchor Child Care Western Regional Center 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 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Christ Led Communities Inc ($1.3m), Asbury Woods Partnership ($1.3m) and Slow Food USA Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $126k (8.7% of expenses). Other salaries and wages came to $845k. It paid $3,353 in professional fundraising fees. At year end it held assets of $226k against liabilities of $21k, net assets of $206k. It reported 27 employees.