Is Phelps Child Care Center Inc Legit?

Phelps Child Care Center Inc demonstrates consistent financial growth and strong program spending over the past decade. The organization's revenue has steadily increased from $2,224,006 in 2014 to $3,088,405 in 2023, indicating stable funding and community support. Their assets have also grown significantly, from $1,177,603 in 2014 to $5,517,425 in 2023, suggesting sound financial management and reinvestment in the organization's capacity. The center consistently spends a high proportion of its expenses on program services, with 85% allocated to programs in the latest filing period (2023). This indicates a strong focus on its core mission of child care. Administrative and fundraising costs are kept relatively low, at 10% and 5% respectively, which is a positive indicator of spending efficiency. The organization's consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a commitment to directing resources towards its mission rather than executive salaries. Overall, Phelps Child Care Center Inc appears to be a financially healthy and efficiently run organization. Its consistent growth, high program spending ratio, and transparent compensation practices contribute to a positive assessment of its financial stewardship and commitment to its mission.