Akron Child Care Center Inc

Analysis

Akron Child Care Center Inc is a registered charity in United States, based in Akron, IA. It received its IRS tax-exemption ruling in July 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, Akron Child Care Center Inc reported income of $255k and spending of $319k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $337k to $255k (-24%), an average of -6.8% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Akron Child Care Center Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within IA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($255k), Huron Mountain Wildlife Fundation Inc ($255k) and Little Leaguers of Kenosha Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $52k (16% of expenses). Other salaries and wages came to $117k. At year end it held assets of $581k against liabilities of $14k, net assets of $568k. It reported 12 employees.