Charlotte Day Care Center Inc
Charlotte Day Care Center: Steady Revenue, High Program Spending, and Strong Financial Health
EIN: 222533829 · Charlotte, VT · NTEE: P33Z · Updated: 2026-04-04
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.
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.
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
What does Charlotte Day Care Center Inc do?
Charlotte Day Care Center Inc is a nonprofit organization in the Human Services sector, located in Charlotte, Vermont. It is classified under NTEE code P33Z.
How much revenue does Charlotte Day Care Center Inc have?
Charlotte Day Care Center Inc reported total revenue of $1,104,405. Based on 13 IRS 990 filings on record.
What are Charlotte Day Care Center Inc's total assets?
Charlotte Day Care Center Inc holds total assets of $440,817 as reported in IRS 990 filings.
Where is Charlotte Day Care Center Inc located?
Charlotte Day Care Center Inc is based in Charlotte, Vermont.
What is Charlotte Day Care Center Inc's EIN?
Charlotte Day Care Center Inc's Employer Identification Number (EIN) is 222533829. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Charlotte Day Care Center Inc?
Charlotte Day Care Center Inc is classified under NTEE code P33Z (Human Services).
Is Charlotte Day Care Center Inc a registered 501(c)(3)?
Yes, Charlotte Day Care Center Inc is recognized as a tax-exempt organization by the IRS. EIN: 222533829.
Does Charlotte Day Care Center Inc file IRS Form 990?
Yes, Charlotte Day Care Center Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Charlotte Day Care Center Inc's revenue in 2023?
In the 202308 filing period, Charlotte Day Care Center Inc reported total revenue of $962,212, total expenses of $1,097,294, and net assets of $462,406.
Is Charlotte Day Care Center Inc's revenue growing or declining?
Charlotte Day Care Center Inc's revenue is relatively stable. Revenue went from $933,127 (202208) to $962,212 (202308), a +3.1% change. Based on 13 filings on record.
What is Charlotte Day Care Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Charlotte Day Care Center Inc covers tax period 202308. It shows revenue of $962,212, expenses of $1,097,294, total assets of $462,406, and liabilities of $17,374.
How much does Charlotte Day Care Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Charlotte Day Care Center Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Charlotte Day Care Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Charlotte Day Care Center Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Charlotte Day Care Center Inc's strengths?
Positive indicators for Charlotte Day Care Center Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Charlotte Day Care Center Inc compensate executives?
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 disclosure of officer, director, and key employee pay.
How does Charlotte Day Care Center Inc. manage to operate with $0 reported executive compensation, and what impact does this have on its operational model?
The consistent reporting of $0 for executive compensation suggests a volunteer-led or very low-paid leadership structure. This significantly reduces administrative overhead, allowing a higher percentage of revenue to be directed towards program services, as evidenced by the 85% program spending in 2023. This model likely relies on dedicated volunteers or staff who are compensated through other means not captured in this specific reporting line, or at levels below the IRS reporting threshold for key employees.
Given the consistent revenue and asset growth, what is the organization's strategy for long-term financial sustainability and potential expansion?
The organization demonstrates strong financial health with consistent revenue and growing assets. While specific expansion strategies are not detailed in the provided data, the accumulation of assets from $229,207 in 2019 to $462,406 in 2023 suggests a prudent financial management approach that could support future capital investments, program expansion, or the establishment of an operating reserve to ensure long-term sustainability. The low liability figures also contribute to a stable financial foundation.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $962K | $1.1M | $462K | $17K | — | View 990 |
| 2022 | $933K | $797K | $611K | $30K | — | View 990 |
| 2021 | $1.1M | $781K | $602K | $158K | — | View 990 |
| 2020 | $736K | $727K | $372K | $202K | — | View 990 |
| 2019 | $736K | $767K | $229K | $68K | — | View 990 |
| 2018 | $660K | $654K | $269K | $78K | — | View 990 |
| 2017 | $672K | $662K | $271K | $85K | — | View 990 |
| 2016 | $652K | $647K | $272K | $96K | — | View 990 |
| 2015 | $631K | $614K | $272K | $102K | — | View 990 |
| 2014 | $611K | $604K | $270K | $117K | — | View 990 |
| 2013 | $596K | $570K | $280K | $133K | — | View 990 |
| 2012 | $585K | $574K | $254K | $134K | — | View 990 |
| 2011 | $483K | $478K | $261K | $151K | — | View 990 |
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.
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.