Lake Union Child Care

Analysis

Lake Union Child Care is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Lake Union Child Care reported income of $3.2m and spending of $3.5m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.2m (+18%), an average of +4.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Union Child Care sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Hemby Bridge Volunteer Fire Department Inc ($3.2m), United Way of Dane County Foundation Inc ($3.2m) and Glen Ellyn Food Pantry Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $156k (4.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $982k against liabilities of $547k, net assets of $435k. It reported 64 employees.