Cottesmore Childcare Centers

Analysis

Cottesmore Childcare Centers is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cottesmore Childcare Centers reported income of $576k and spending of $646k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $576k (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. 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, Cottesmore Childcare Centers sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include Vermont Jazz Center Inc ($576k), Project Evergreen Foundation Inc ($576k) and Choice Adoptions ($576k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $40k (6.2% of expenses). Other salaries and wages came to $384k. At year end it held assets of $86k against liabilities of $51k, net assets of $35k. It reported 19 employees.