Gan Day Care Center
Gan Day Care Center shows consistent revenue growth but persistent deficits and negative net assets.
EIN: 112302049 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $4.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $-310,135 |
| Transparency Score | 65/100 |
Is Gan Day Care Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gan Day Care Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gan Day Care Center
Gan Day Care Center (EIN: 112302049) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $5.8M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gan Day Care Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gan Day Care Center is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $4.9M |
| Surplus / Deficit | $-103,187 |
| Total Assets | $1.7M |
| Total Liabilities | $2.0M |
| Net Assets | $-310,135 |
| Operating Margin | -2.2% |
| Debt-to-Asset Ratio | 118.1% |
| Months of Reserves | 4.2 months |
Financial Health Grade: C
In 2023, Gan Day Care Center reported a deficit of $103K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 118.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gan Day Care Center's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.2% | +55.1% | +14.9% |
| 2022 | +12.7% | -0.8% | +11.7% |
| 2021 | +7.5% | +13.4% | +25.1% |
| 2020 | +6.8% | +3.7% | +63.6% |
| 2019 | -6.2% | -1.0% | +34.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Gan Day Care Center with a Mission Score of 65 out of 100 (Good). 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, Gan Day Care Center 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 $103K, with expenses exceeding revenue.
- Debt-to-asset ratio: 118.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues approaching $5 million and suggests that leadership may be uncompensated volunteers or compensated through other, less transparent means.
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 Gan Day Care Center's IRS 990 filings:
- Consistent deficit spending in multiple periods (e.g., 202306, 202106, 202006, 201906)
- Liabilities consistently exceeding assets, indicating a negative net asset position (e.g., $2,026,779 liabilities vs $1,716,644 assets in 202306)
- 0% reported officer compensation across all filings, raising transparency questions about leadership costs.
Strengths
The following positive indicators were identified for Gan Day Care Center:
- Significant revenue growth over the past decade, from $2,051,551 in 201406 to $4,747,803 in 202306.
- Long operational history with 13 IRS 990 filings, indicating stability and continuity.
Frequently Asked Questions about Gan Day Care Center
Is Gan Day Care Center a legitimate charity?
Gan Day Care Center (EIN: 112302049) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.8M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Gan Day Care Center spend its money?
Gan Day Care Center directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gan Day Care Center tax-deductible?
Gan Day Care Center is registered as a tax-exempt nonprofit (EIN: 112302049). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gan Day Care Center CEO make?
Gan Day Care Center's highest-compensated officer earns $5 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gan Day Care Center's spending goes to programs?
Gan Day Care Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Gan Day Care Center located?
Gan Day Care Center is headquartered in Brooklyn, New York and files with the IRS under EIN 112302049.
How many years of IRS 990 filings does Gan Day Care Center have?
Gan Day Care Center 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 $5.8M in total revenue.
Why does Gan Day Care Center consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. It could indicate that the organization relies entirely on volunteer leadership, or that compensation for key personnel is categorized differently (e.g., as program staff salaries) or paid by a related entity, which would impact transparency.
What is the cause of the recurring deficits, such as the $103,187 deficit in 202306?
The recurring deficits, where expenses exceed revenue, suggest that the organization's operational costs are consistently higher than its income. This could be due to insufficient funding, unexpected expenses, or a strategic decision to invest more than current income, which is unsustainable long-term without additional funding sources.
Why do liabilities consistently exceed assets in recent years?
The consistent situation where liabilities exceed assets (e.g., $2,026,779 liabilities vs. $1,716,644 assets in 202306) indicates a negative net asset position. This means the organization's debts are greater than its total resources, which is a significant financial vulnerability and could impact its long-term solvency and ability to secure future funding or loans.
Filing History
IRS 990 filing history for Gan Day Care Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gan Day Care Center's revenue has grown by 182.2%, moving from $1.7M to $4.7M. Total assets increased by 1038% over the same period, from $151K to $1.7M. Total functional expenses rose by 188.4%, from $1.7M to $4.9M. In its most recent filing year (2023), Gan Day Care Center reported a deficit of $103K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $1.7M in assets (debt-to-asset ratio: 118.1%), resulting in net assets of $-310,135.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $4.9M | $1.7M | $2.0M | — | View 990 |
| 2022 | $3.3M | $3.1M | $1.5M | $1.7M | — | View 990 |
| 2021 | $2.9M | $3.2M | $1.3M | $1.7M | — | — |
| 2020 | $2.7M | $2.8M | $1.1M | $1.2M | — | — |
| 2019 | $2.5M | $2.7M | $654K | $726K | — | — |
| 2018 | $2.7M | $2.7M | $485K | $452K | — | View 990 |
| 2017 | $2.6M | $2.6M | $388K | $363K | — | View 990 |
| 2016 | $2.6M | $2.6M | $337K | $312K | — | View 990 |
| 2015 | $2.3M | $2.3M | $233K | $233K | — | View 990 |
| 2014 | $2.1M | $2.1M | $330K | $330K | — | View 990 |
| 2013 | $1.8M | $1.8M | $396K | $392K | — | View 990 |
| 2012 | $0 | $0 | $0 | $0 | — | View 990 |
| 2011 | $1.7M | $1.7M | $151K | $144K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $4.9M, and assets of $1.7M (revenue +44.2% year-over-year).
- 2022: Revenue of $3.3M, expenses of $3.1M, and assets of $1.5M (revenue +12.7% year-over-year).
- 2021: Revenue of $2.9M, expenses of $3.2M, and assets of $1.3M (revenue +7.5% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.8M, and assets of $1.1M (revenue +6.8% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.7M, and assets of $654K (revenue -6.2% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.7M, and assets of $485K (revenue +3.3% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.6M, and assets of $388K (revenue +0.3% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.6M, and assets of $337K (revenue +13.0% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.3M, and assets of $233K (revenue +13.0% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.1M, and assets of $330K (revenue +11.3% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $396K.
- 2012: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $151K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gan Day Care Center:
Data Sources and Methodology
This transparency report for Gan Day Care Center 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.