Pinocchio Child Care Center Inc

Analysis

Pinocchio Child Care Center Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Pinocchio Child Care Center Inc reported income of $1.3m and spending of $1.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $715k to $1.3m (+88%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pinocchio Child Care Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Camps in Common ($1.3m), Beacon of Hope Services ($1.3m) and Bridge of Promise ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $140k (11% of expenses). Other salaries and wages came to $294k. At year end it held assets of $1.0m against liabilities of $822k, net assets of $227k. It reported 14 employees.