1332 Fulton Avenue Day Care Center Inc
1332 Fulton Avenue Day Care Center Inc sees significant revenue decline but maintains zero officer compensation.
EIN: 132690309 · Bronx, NY · NTEE: P33Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $3.1M |
| Program Spending | 90% |
| Net Assets | $204K |
| Transparency Score | 85/100 |
Is 1332 Fulton Avenue Day Care Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
1332 Fulton Avenue Day Care Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 1332 Fulton Avenue Day Care Center Inc
1332 Fulton Avenue Day Care Center Inc (EIN: 132690309) is a nonprofit organization based in Bronx, NY, classified under NTEE code P33Z. The organization reported total revenue of $2.1M and total assets of $399K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 1332 Fulton Avenue Day Care Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
1332 Fulton Avenue Day Care Center Inc is a mid-size nonprofit that has been operating for 98 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$341K |
| Total Assets | $1.2M |
| Total Liabilities | $983K |
| Net Assets | $204K |
| Operating Margin | 10.0% |
| Debt-to-Asset Ratio | 82.8% |
| Months of Reserves | 4.7 months |
Financial Health Grade: A
In 2023, 1332 Fulton Avenue Day Care Center Inc reported a surplus of $341K with revenue exceeding expenses, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 82.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), 1332 Fulton Avenue Day Care Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.7% | -7.5% | +56.3% |
| 2022 | -32.6% | -32.2% | -36.1% |
| 2021 | -6.5% | -12.7% | -40.1% |
| 2020 | -19.9% | -10.0% | +25.6% |
| 2019 | +0.6% | +2.7% | +44.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1928 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 1332 Fulton Avenue Day Care Center Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, 1332 Fulton Avenue Day Care Center Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $341K, with revenue exceeding expenses.
- Debt-to-asset ratio: 82.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led or externally compensated leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of 1332 Fulton Avenue Day Care Center Inc's IRS 990 filings:
- Significant and consistent decline in revenue over the past five years, from $6.2 million in 2019 to $3.4 million in 2023, indicating potential operational challenges or reduced program scope.
- Consistent reporting of 0% officer compensation, which, while seemingly positive, can sometimes indicate that executive compensation is being paid by a related entity or through non-traditional means, warranting further scrutiny for full transparency.
Strengths
The following positive indicators were identified for 1332 Fulton Avenue Day Care Center Inc:
- Consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds towards program services rather than executive salaries.
- Achieved an operational surplus of $341,175 in 2023, demonstrating effective financial management despite declining revenues.
- Increased net assets from $759,921 in 2022 to $1,187,644 in 2023, indicating improved financial health and asset accumulation.
- Long history of IRS 990 filings (13 filings), demonstrating a commitment to transparency and regulatory compliance.
Frequently Asked Questions about 1332 Fulton Avenue Day Care Center Inc
Is 1332 Fulton Avenue Day Care Center Inc a legitimate charity?
1332 Fulton Avenue Day Care Center Inc (EIN: 132690309) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does 1332 Fulton Avenue Day Care Center Inc spend its money?
1332 Fulton Avenue Day Care Center Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to 1332 Fulton Avenue Day Care Center Inc tax-deductible?
1332 Fulton Avenue Day Care Center Inc is registered as a tax-exempt nonprofit (EIN: 132690309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 1332 Fulton Avenue Day Care Center Inc's spending goes to programs?
1332 Fulton Avenue Day Care Center Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 1332 Fulton Avenue Day Care Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), 1332 Fulton Avenue Day Care Center Inc is above average for NTEE category P33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 1332 Fulton Avenue Day Care Center Inc located?
1332 Fulton Avenue Day Care Center Inc is headquartered in Bronx, New York and files with the IRS under EIN 132690309. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does 1332 Fulton Avenue Day Care Center Inc have?
1332 Fulton Avenue Day Care Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.1M in total revenue.
Is 1332 Fulton Avenue Day Care Center Inc a good charity?
Based on the available data, the organization demonstrates strong financial management by consistently reporting zero officer compensation and achieving operational surpluses in recent years, such as $341,175 in 2023. This suggests a high dedication of resources to its mission. However, the significant decline in revenue from $6.2 million in 2019 to $3.4 million in 2023 warrants further investigation into the reasons for this contraction.
Why has the organization's revenue decreased so significantly?
The organization's revenue has decreased from a peak of $6,253,511 in 2019 to $3,401,619 in 2023. This represents a nearly 46% reduction over four years. The IRS 990 data alone does not provide the specific reasons for this decline, which could be due to reduced funding, changes in program scope, or external economic factors affecting the daycare sector in the Bronx, NY.
What is the organization's financial stability given the revenue decline?
Despite the significant revenue decline, the organization has managed to maintain positive net assets and even increased its assets from $759,921 in 2022 to $1,187,644 in 2023, while also reducing liabilities. This indicates a degree of financial stability and prudent management in adapting to a smaller operational budget, as evidenced by the $341,175 surplus in 2023.
Filing History
IRS 990 filing history for 1332 Fulton Avenue Day Care Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 1332 Fulton Avenue Day Care Center Inc's revenue has declined by 24%, moving from $4.5M to $3.4M. Total assets increased by 49.2% over the same period, from $796K to $1.2M. Total functional expenses fell by 31.3%, from $4.5M to $3.1M. In its most recent filing year (2023), 1332 Fulton Avenue Day Care Center Inc reported a surplus of $341K, with revenue exceeding expenses. The organization holds $983K in liabilities against $1.2M in assets (debt-to-asset ratio: 82.8%), resulting in net assets of $204K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.1M | $1.2M | $983K | — | View 990 |
| 2022 | $3.2M | $3.3M | $760K | $897K | — | View 990 |
| 2021 | $4.7M | $4.9M | $1.2M | $1.2M | — | View 990 |
| 2020 | $5.0M | $5.6M | $2.0M | $1.8M | — | View 990 |
| 2019 | $6.3M | $6.2M | $1.6M | $797K | — | View 990 |
| 2018 | $6.2M | $6.0M | $1.1M | $355K | — | View 990 |
| 2017 | $6.2M | $6.2M | $2.4M | $1.9M | — | View 990 |
| 2016 | $6.2M | $6.6M | $2.8M | $3.0M | — | View 990 |
| 2015 | $6.2M | $6.4M | $2.1M | $1.9M | — | View 990 |
| 2014 | $5.5M | $5.4M | $1.8M | $1.3M | — | View 990 |
| 2013 | $3.4M | $3.2M | $1.1M | $410K | — | View 990 |
| 2012 | $4.8M | $4.9M | $1.1M | $488K | — | View 990 |
| 2011 | $4.5M | $4.5M | $796K | $173K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.1M, and assets of $1.2M (revenue +7.7% year-over-year).
- 2022: Revenue of $3.2M, expenses of $3.3M, and assets of $760K (revenue -32.6% year-over-year).
- 2021: Revenue of $4.7M, expenses of $4.9M, and assets of $1.2M (revenue -6.5% year-over-year).
- 2020: Revenue of $5.0M, expenses of $5.6M, and assets of $2.0M (revenue -19.9% year-over-year).
- 2019: Revenue of $6.3M, expenses of $6.2M, and assets of $1.6M (revenue +0.6% year-over-year).
- 2018: Revenue of $6.2M, expenses of $6.0M, and assets of $1.1M (revenue -0.3% year-over-year).
- 2017: Revenue of $6.2M, expenses of $6.2M, and assets of $2.4M (revenue -0.3% year-over-year).
- 2016: Revenue of $6.2M, expenses of $6.6M, and assets of $2.8M (revenue +1.3% year-over-year).
- 2015: Revenue of $6.2M, expenses of $6.4M, and assets of $2.1M (revenue +11.9% year-over-year).
- 2014: Revenue of $5.5M, expenses of $5.4M, and assets of $1.8M (revenue +60.3% year-over-year).
- 2013: Revenue of $3.4M, expenses of $3.2M, and assets of $1.1M (revenue -28.8% year-over-year).
- 2012: Revenue of $4.8M, expenses of $4.9M, and assets of $1.1M (revenue +7.9% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.5M, and assets of $796K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 1332 Fulton Avenue Day Care Center Inc:
Data Sources and Methodology
This transparency report for 1332 Fulton Avenue Day Care Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.