Glen Cove Child Day Care Center Inc

Glen Cove Child Day Care Center Inc maintains stable finances with growing assets and no reported officer compensation.

EIN: 116046932 · Glen Cove, NY · Updated: 2026-03-28

$2.9MRevenue

$1.2MAssets

92/100Mission Score (Excellent)

Is Glen Cove Child Day Care Center Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Glen Cove Child Day Care Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Glen Cove Child Day Care Center Inc

Glen Cove Child Day Care Center Inc (EIN: 116046932) is a nonprofit organization based in Glen Cove, NY. The organization reported total revenue of $2.9M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glen Cove Child Day Care Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Glen Cove Child Day Care Center Inc demonstrates consistent financial operations, with revenues and expenses generally balancing out over the past decade. For instance, in 2023, the organization reported revenues of $2,342,450 against expenses of $2,430,288, indicating a slight deficit. However, the organization has maintained a healthy asset base, growing from $487,982 in 2014 to $716,827 in 2023, suggesting prudent financial management and accumulation of resources. The organization's liabilities have remained relatively low, indicating a strong financial position with minimal debt burden. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a focus on program delivery rather than executive enrichment, which is a positive indicator for donors.

The organization's spending efficiency appears to be strong, with expenses closely tracking revenues. While specific program spending percentages are not detailed in the provided data, the absence of officer compensation implies that a significant portion of funds is likely directed towards its mission. The consistent financial activity over many years, with revenues typically in the $2.3M - $2.6M range, indicates a stable and predictable operational environment. The growth in assets, particularly the jump from $557,337 in 2022 to $716,827 in 2023, further solidifies its financial health.

Overall, Glen Cove Child Day Care Center Inc appears to be a financially stable and transparent organization. Its consistent operations, growing asset base, low liabilities, and zero reported officer compensation are all positive indicators. The organization's ability to manage its finances effectively over a long period, as evidenced by 13 filings, suggests a well-run entity focused on its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Glen Cove Child Day Care Center Inc with a Mission Score of 92 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, Glen Cove Child 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization with annual revenues exceeding $2 million and suggests either a volunteer leadership model or compensation is covered by other means not reported as officer compensation.

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 Glen Cove Child Day Care Center Inc's IRS 990 filings:

Unusually low liabilities for an organization of this size, which could indicate incomplete reporting or unique operational structure.
Consistent 0% officer compensation for an organization with over $2 million in revenue is highly unusual and warrants further investigation into how leadership is compensated or if it's entirely volunteer-run.

Strengths

The following positive indicators were identified for Glen Cove Child Day Care Center Inc:

Consistent revenue generation over $2 million annually, demonstrating stable operations.
Healthy growth in assets from $487,982 in 2014 to $716,827 in 2023, indicating strong financial health.
Very low liabilities across all reported periods, suggesting minimal debt and strong financial solvency.
Consistent reporting of 0% officer compensation, indicating a strong focus on mission and potentially high efficiency in directing funds to programs.
Long history of IRS 990 filings (13 filings), demonstrating consistent compliance and transparency.

Frequently Asked Questions about Glen Cove Child Day Care Center Inc

Is Glen Cove Child Day Care Center Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Glen Cove Child Day Care Center Inc (EIN: 116046932) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.

How does Glen Cove Child Day Care Center Inc spend its money?

Glen Cove Child Day Care Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Glen Cove Child Day Care Center Inc tax-deductible?

Glen Cove Child Day Care Center Inc is registered as a tax-exempt nonprofit (EIN: 116046932). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Glen Cove Child Day Care Center Inc financially stable?

Yes, the organization appears financially stable. It has consistently generated revenues over $2 million annually and has shown a steady increase in assets from $487,982 in 2014 to $716,827 in 2023, while maintaining low liabilities.

How does Glen Cove Child Day Care Center Inc manage executive compensation?

The IRS 990 filings consistently report 0% officer compensation, suggesting that the organization's leadership either serves on a volunteer basis or is compensated through mechanisms not categorized as officer compensation on these forms.

What is the trend in the organization's assets?

The organization's assets have shown a positive growth trend, increasing from $487,982 in 2014 to $716,827 in 2023, indicating a healthy accumulation of resources over time.

Does the organization operate with a surplus or deficit?

The organization generally operates close to break-even. While some years show a slight deficit (e.g., 2023 with expenses of $2,430,288 exceeding revenue of $2,342,450), other years show a slight surplus (e.g., 2022 with revenue of $2,563,488 exceeding expenses of $2,496,412), indicating careful financial management.

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Glen Cove Child Day Care Center Inc's revenue has grown by 4.4%, moving from $2.2M to $2.3M. Total assets increased by 23.1% over the same period, from $582K to $717K. Total functional expenses rose by 9.5%, from $2.2M to $2.4M. In its most recent filing year (2023), Glen Cove Child Day Care Center Inc reported a deficit of $88K, with expenses exceeding revenue. The organization holds $264K in liabilities against $717K in assets (debt-to-asset ratio: 36.8%), resulting in net assets of $453K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.3M	$2.4M	$717K	$264K	—	View 990
2022	$2.6M	$2.5M	$557K	$17K	—	View 990
2021	$2.5M	$2.4M	$489K	$15K	—	View 990
2020	$2.4M	$2.5M	$399K	$5K	—	View 990
2019	$2.6M	$2.6M	$577K	$2K	—	View 990
2018	$2.5M	$2.5M	$558K	$26K	—	View 990
2017	$2.4M	$2.4M	$517K	$7K	—	View 990
2016	$2.4M	$2.4M	$539K	$21K	—	View 990
2015	$2.3M	$2.2M	$570K	$19K	—	View 990
2014	$1.9M	$1.9M	$488K	$7K	—	View 990
2013	$2.0M	$2.0M	$461K	$859	—	View 990
2012	$2.2M	$2.2M	$537K	$17K	—	View 990
2011	$2.2M	$2.2M	$582K	$16K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.3M, expenses of $2.4M, and assets of $717K (revenue -8.6% year-over-year).
2022: Revenue of $2.6M, expenses of $2.5M, and assets of $557K (revenue +2.9% year-over-year).
2021: Revenue of $2.5M, expenses of $2.4M, and assets of $489K (revenue +5.5% year-over-year).
2020: Revenue of $2.4M, expenses of $2.5M, and assets of $399K (revenue -10.1% year-over-year).
2019: Revenue of $2.6M, expenses of $2.6M, and assets of $577K (revenue +4.3% year-over-year).
2018: Revenue of $2.5M, expenses of $2.5M, and assets of $558K (revenue +3.2% year-over-year).
2017: Revenue of $2.4M, expenses of $2.4M, and assets of $517K (revenue +2.5% year-over-year).
2016: Revenue of $2.4M, expenses of $2.4M, and assets of $539K (revenue +4.6% year-over-year).
2015: Revenue of $2.3M, expenses of $2.2M, and assets of $570K (revenue +18.7% year-over-year).
2014: Revenue of $1.9M, expenses of $1.9M, and assets of $488K (revenue -3.3% year-over-year).
2013: Revenue of $2.0M, expenses of $2.0M, and assets of $461K (revenue -9.0% year-over-year).
2012: Revenue of $2.2M, expenses of $2.2M, and assets of $537K (revenue -2.8% year-over-year).
2011: Revenue of $2.2M, expenses of $2.2M, and assets of $582K.

Data Sources and Methodology

This transparency report for Glen Cove Child 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.