Child Development Center Corporation
Child Development Center Corporation shows stable operations with recent significant liability reduction and no reported officer compensation.
EIN: 10560598 · Ashland, KY · NTEE: P33 · Updated: 2026-03-28
Is Child Development Center Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Child Development Center Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Child Development Center Corporation
Child Development Center Corporation (EIN: 10560598) is a nonprofit organization based in Ashland, KY, classified under NTEE code P33. The organization reported total revenue of $991K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Child Development Center Corporation'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 Child Development Center Corporation with a Mission Score of 80 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, Child Development Center Corporation 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
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with nearly $1 million in annual revenue. This could indicate a fully volunteer executive team or that compensation is reported under different expense categories, which would impact transparency.
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 Child Development Center Corporation's IRS 990 filings:
- Unusually high liabilities in prior years (e.g., $3,000,714 in 2020) without clear explanation in provided data.
- Consistent 0% reported officer compensation, which is atypical for an organization of this scale and warrants further inquiry into executive structure and compensation practices.
Strengths
The following positive indicators were identified for Child Development Center Corporation:
- Consistent filing of IRS 990 forms over 13 periods, demonstrating regulatory compliance and transparency.
- Significant reduction in liabilities from $3,000,714 in 2020 to $72,160 in 2023, indicating improved financial health.
- Revenues and expenses are closely aligned in recent years (e.g., 2023 revenue $832,075 vs. expenses $831,130), suggesting stable operations.
- Stable asset base over the past decade, indicating consistent financial footing.
Frequently Asked Questions about Child Development Center Corporation
Is Child Development Center Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Child Development Center Corporation (EIN: 10560598) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Child Development Center Corporation spend its money?
Child Development Center Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Child Development Center Corporation tax-deductible?
Child Development Center Corporation is registered as a tax-exempt nonprofit (EIN: 10560598). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Child Development Center Corporation manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual. It could mean that executive roles are entirely volunteer-based, or that compensation is categorized under other expenses, which would require further clarification for full transparency.
What caused the significant fluctuation in liabilities, particularly the peak around $3 million from 2019-2020 and the subsequent sharp decrease?
The liabilities peaked at $3,000,714 in 2020 and then dramatically decreased to $72,160 by 2023. Understanding the nature of these liabilities (e.g., long-term debt, program-specific obligations) and the strategy for their reduction is crucial for a complete financial picture.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown of how expenses are allocated, it's difficult to precisely assess spending efficiency. While revenue and expenses are close, knowing the proportion dedicated to direct programs versus overhead is key.
Filing History
IRS 990 filing history for Child Development Center Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Child Development Center Corporation's revenue has grown by 58.3%, moving from $526K to $832K. Total assets decreased by 13.8% over the same period, from $1.7M to $1.4M. Total functional expenses rose by 1.3%, from $821K to $831K. In its most recent filing year (2023), Child Development Center Corporation reported a surplus of $945, with revenue exceeding expenses. The organization holds $72K in liabilities against $1.4M in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $832K | $831K | $1.4M | $72K | — | — |
| 2022 | $859K | $914K | $1.2M | $35K | — | View 990 |
| 2021 | $737K | $736K | $1.2M | $93K | — | View 990 |
| 2020 | $616K | $695K | $1.3M | $3.0M | — | View 990 |
| 2019 | $635K | $728K | $1.3M | $2.9M | — | View 990 |
| 2018 | $668K | $723K | $1.3M | $2.8M | — | View 990 |
| 2017 | $657K | $744K | $1.3M | $2.8M | — | View 990 |
| 2016 | $609K | $712K | $1.4M | $2.8M | — | View 990 |
| 2015 | $556K | $649K | $1.4M | $2.7M | — | View 990 |
| 2014 | $565K | $683K | $1.5M | $2.7M | — | View 990 |
| 2013 | $596K | $759K | $1.5M | $2.6M | — | View 990 |
| 2012 | $565K | $807K | $1.6M | $2.6M | — | View 990 |
| 2011 | $526K | $821K | $1.7M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $832K, expenses of $831K, and assets of $1.4M (revenue -3.1% year-over-year).
- 2022: Revenue of $859K, expenses of $914K, and assets of $1.2M (revenue +16.5% year-over-year).
- 2021: Revenue of $737K, expenses of $736K, and assets of $1.2M (revenue +19.8% year-over-year).
- 2020: Revenue of $616K, expenses of $695K, and assets of $1.3M (revenue -3.0% year-over-year).
- 2019: Revenue of $635K, expenses of $728K, and assets of $1.3M (revenue -5.0% year-over-year).
- 2018: Revenue of $668K, expenses of $723K, and assets of $1.3M (revenue +1.7% year-over-year).
- 2017: Revenue of $657K, expenses of $744K, and assets of $1.3M (revenue +7.9% year-over-year).
- 2016: Revenue of $609K, expenses of $712K, and assets of $1.4M (revenue +9.4% year-over-year).
- 2015: Revenue of $556K, expenses of $649K, and assets of $1.4M (revenue -1.5% year-over-year).
- 2014: Revenue of $565K, expenses of $683K, and assets of $1.5M (revenue -5.3% year-over-year).
- 2013: Revenue of $596K, expenses of $759K, and assets of $1.5M (revenue +5.5% year-over-year).
- 2012: Revenue of $565K, expenses of $807K, and assets of $1.6M (revenue +7.6% year-over-year).
- 2011: Revenue of $526K, expenses of $821K, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Child Development Center Corporation 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.