Charlotte Day Care Center Inc

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Charlotte Day Care Center Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Charlotte Day Care Center Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Charlotte Day Care Center Inc in one place.

Is Charlotte Day Care Center Inc Legit?

Appears Legitimate

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Charlotte Day Care Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Charlotte Day Care Center Inc

Charlotte Day Care Center Inc (EIN: 222533829) is a nonprofit organization based in Charlotte, VT, classified under NTEE code P33Z. The organization reported total revenue of $1.1M and total assets of $441K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlotte Day Care Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Charlotte Day Care Center Inc is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Charlotte Day Care Center Inc reported a deficit of $135K with expenses exceeding revenue, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 3.8% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Charlotte Day Care Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.

IRS Tax-Exempt Classification

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 Charlotte 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Charlotte Day Care Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $135K, with expenses exceeding revenue.
• Debt-to-asset ratio: 3.8%.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, indicating either volunteer leadership or compensation below reporting thresholds, which is a positive for resource allocation to programs.

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.

Strengths

The following positive indicators were identified for Charlotte Day Care Center Inc:

• Consistently high percentage of expenses dedicated to programs (e.g., 85% in 2023).
• Healthy asset growth over the past five years, from $229,207 in 2019 to $462,406 in 2023.
• Maintains a strong liquidity position with current assets significantly exceeding liabilities.
• Consistent revenue generation, averaging over $700,000 annually.
• Zero reported executive compensation, maximizing funds for direct services.

Frequently Asked Questions about Charlotte Day Care Center Inc

Filing History

IRS 990 filing history for Charlotte Day Care Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Charlotte Day Care Center Inc's revenue has grown by 99.1%, moving from $483K to $962K. Total assets increased by 77% over the same period, from $261K to $462K. Total functional expenses rose by 129.4%, from $478K to $1.1M. In its most recent filing year (2023), Charlotte Day Care Center Inc reported a deficit of $135K, with expenses exceeding revenue. The organization holds $17K in liabilities against $462K in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $445K.

Year-by-Year Financial Summary

• 2023: Revenue of $962K, expenses of $1.1M, and assets of $462K (revenue +3.1% year-over-year).
• 2022: Revenue of $933K, expenses of $797K, and assets of $611K (revenue -11.5% year-over-year).
• 2021: Revenue of $1.1M, expenses of $781K, and assets of $602K (revenue +43.2% year-over-year).
• 2020: Revenue of $736K, expenses of $727K, and assets of $372K (revenue +0.1% year-over-year).
• 2019: Revenue of $736K, expenses of $767K, and assets of $229K (revenue +11.5% year-over-year).
• 2018: Revenue of $660K, expenses of $654K, and assets of $269K (revenue -1.7% year-over-year).
• 2017: Revenue of $672K, expenses of $662K, and assets of $271K (revenue +3.0% year-over-year).
• 2016: Revenue of $652K, expenses of $647K, and assets of $272K (revenue +3.4% year-over-year).
• 2015: Revenue of $631K, expenses of $614K, and assets of $272K (revenue +3.2% year-over-year).
• 2014: Revenue of $611K, expenses of $604K, and assets of $270K (revenue +2.4% year-over-year).
• 2013: Revenue of $596K, expenses of $570K, and assets of $280K (revenue +2.0% year-over-year).
• 2012: Revenue of $585K, expenses of $574K, and assets of $254K (revenue +21.0% year-over-year).
• 2011: Revenue of $483K, expenses of $478K, and assets of $261K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Charlotte Day Care Center Inc:

Data Sources and Methodology

This transparency report for Charlotte 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.