Holy Family Child Care & Development Center Inc
EIN: 550753678 · Wheeling, WV
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.2M |
| Net Assets | $756K |
Is Holy Family Child Care & Development Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Holy Family Child Care & Development Center Inc
Holy Family Child Care & Development Center Inc (EIN: 550753678) is a nonprofit organization based in Wheeling, WV. The organization reported total revenue of $1.5M and total assets of $853K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holy Family Child Care & Development Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holy Family Child Care & Development Center Inc is a mid-size nonprofit that has been operating for 80 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$222K |
| Total Assets | $853K |
| Total Liabilities | $97K |
| Net Assets | $756K |
| Operating Margin | 15.1% |
| Debt-to-Asset Ratio | 11.4% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2024, Holy Family Child Care & Development Center Inc reported a surplus of $222K with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 11.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Holy Family Child Care & Development Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +39.5% | +4.6% | +37.2% |
| 2023 | +42.2% | +60.1% | -14.5% |
| 2022 | +61.7% | +7.0% | +11.0% |
| 2021 | -28.1% | +7.6% | -17.0% |
| 2020 | -49.2% | -14.4% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Holy Family Child Care & Development Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Holy Family Child Care & Development Center Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $222K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.4%.
Frequently Asked Questions about Holy Family Child Care & Development Center Inc
Is Holy Family Child Care & Development Center Inc a legitimate charity?
Holy Family Child Care & Development Center Inc (EIN: 550753678) is a registered tax-exempt nonprofit based in West Virginia. It has 14 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: A.
How does Holy Family Child Care & Development Center Inc spend its money?
Holy Family Child Care & Development Center Inc reported $1.5M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Holy Family Child Care & Development Center Inc tax-deductible?
Holy Family Child Care & Development Center Inc is registered as a tax-exempt nonprofit (EIN: 550753678). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Holy Family Child Care & Development Center Inc located?
Holy Family Child Care & Development Center Inc is headquartered in Wheeling, West Virginia and files with the IRS under EIN 550753678.
How many years of IRS 990 filings does Holy Family Child Care & Development Center Inc have?
Holy Family Child Care & Development Center Inc has 14 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Holy Family Child Care & Development Center Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Holy Family Child Care & Development Center Inc's revenue has grown by 116.1%, moving from $680K to $1.5M. Total assets increased by 126.4% over the same period, from $377K to $853K. Total functional expenses rose by 93.9%, from $643K to $1.2M. In its most recent filing year (2024), Holy Family Child Care & Development Center Inc reported a surplus of $222K, with revenue exceeding expenses. The organization holds $97K in liabilities against $853K in assets (debt-to-asset ratio: 11.4%), resulting in net assets of $756K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.5M | $1.2M | $853K | $97K | — | — |
| 2023 | $1.1M | $1.2M | $621K | $97K | — | View 990 |
| 2022 | $741K | $745K | $727K | $67K | — | View 990 |
| 2021 | $458K | $696K | $654K | $207K | — | — |
| 2020 | $637K | $647K | $789K | $117K | — | View 990 |
| 2019 | $1.3M | $756K | $734K | $58K | — | View 990 |
| 2018 | $618K | $639K | $270K | $72K | — | View 990 |
| 2017 | $607K | $645K | $298K | $79K | — | View 990 |
| 2016 | $619K | $633K | $311K | $54K | — | View 990 |
| 2015 | $554K | $667K | $321K | $50K | — | View 990 |
| 2014 | $634K | $647K | $410K | $26K | — | View 990 |
| 2013 | $656K | $655K | $411K | $2K | — | View 990 |
| 2012 | $629K | $598K | $407K | $0 | — | View 990 |
| 2011 | $680K | $643K | $377K | $23 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.5M, expenses of $1.2M, and assets of $853K (revenue +39.5% year-over-year).
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $621K (revenue +42.2% year-over-year).
- 2022: Revenue of $741K, expenses of $745K, and assets of $727K (revenue +61.7% year-over-year).
- 2021: Revenue of $458K, expenses of $696K, and assets of $654K (revenue -28.1% year-over-year).
- 2020: Revenue of $637K, expenses of $647K, and assets of $789K (revenue -49.2% year-over-year).
- 2019: Revenue of $1.3M, expenses of $756K, and assets of $734K (revenue +103.2% year-over-year).
- 2018: Revenue of $618K, expenses of $639K, and assets of $270K (revenue +1.8% year-over-year).
- 2017: Revenue of $607K, expenses of $645K, and assets of $298K (revenue -1.9% year-over-year).
- 2016: Revenue of $619K, expenses of $633K, and assets of $311K (revenue +11.7% year-over-year).
- 2015: Revenue of $554K, expenses of $667K, and assets of $321K (revenue -12.6% year-over-year).
- 2014: Revenue of $634K, expenses of $647K, and assets of $410K (revenue -3.4% year-over-year).
- 2013: Revenue of $656K, expenses of $655K, and assets of $411K (revenue +4.4% year-over-year).
- 2012: Revenue of $629K, expenses of $598K, and assets of $407K (revenue -7.6% year-over-year).
- 2011: Revenue of $680K, expenses of $643K, and assets of $377K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holy Family Child Care & Development Center Inc:
Data Sources and Methodology
This transparency report for Holy Family Child Care & Development 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.