Child Care Connection Inc

Analysis

Child Care Connection Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Child Care Connection Inc reported income of $58.5m and spending of $58.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $58.5m (+854%), an average of +76% a year. The sharpest change came in the year to June 2022, when income rose by 338%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Child Care Connection Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AK. Charities of a similar size with the same main cause include Buckeye Ranch ($58.4m), Catholic Charities Cyo of the Archdiocese of San Francisco ($58.9m) and Treasure Coast Food Bank Incorporated ($58.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $590k (1.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $5.1m against liabilities of $3.2m, net assets of $1.9m. It reported 47 employees.