South of Market Child Care Inc

Analysis

South of Market Child Care Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, South of Market Child Care Inc reported income of $5.9m and spending of $5.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.0m to $5.9m (-2.6%), an average of -0.6% a year. The sharpest change came in the year to June 2020, when income dropped by 35%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South of Market Child Care Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Imagine Academy Corporation ($5.9m), Tiferes Bais Yaakov Inc ($5.9m) and I S Kosloff Torah Academy High School for Girls ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $176k (3.2% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $6.1m against liabilities of $912k, net assets of $5.2m. It reported 69 employees.