Just What I Needed Child Development Center Inc
Child Development Center faces significant operating deficit in latest fiscal year with declining revenue.
EIN: 205836913 · Greensboro, NC · NTEE: B21 · Updated: 2026-03-28
Is Just What I Needed Child Development Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Just What I Needed Child Development Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Just What I Needed Child Development Center Inc
Just What I Needed Child Development Center Inc (EIN: 205836913) is a nonprofit organization based in Greensboro, NC, classified under NTEE code B21. The organization reported total revenue of $357K and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Just What I Needed Child Development Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Just What I Needed Child Development Center Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $630K |
| Total Expenses | $941K |
| Surplus / Deficit | $-311,161 |
| Total Assets | $191K |
| Total Liabilities | $78K |
| Net Assets | $112K |
| Operating Margin | -49.4% |
| Debt-to-Asset Ratio | 41.1% |
| Months of Reserves | 2.4 months |
Financial Health Grade: C
In 2023, Just What I Needed Child Development Center Inc reported a deficit of $311K with expenses exceeding revenue, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 41.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Just What I Needed Child Development Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.5% | -13.3% | -54.5% |
| 2022 | +22.2% | +29.9% | -1.0% |
| 2021 | -13.9% | -3.3% | +19.1% |
| 2020 | -14.3% | -23.2% | +51.9% |
| 2019 | -11.8% | -13.0% | +24.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Just What I Needed Child Development Center Inc with a Mission Score of 70 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: 90%
- fundraising: 0%
According to IRS 990 filings, Just What I Needed Child Development Center Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $311K, with expenses exceeding revenue.
- Debt-to-asset ratio: 41.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and suggests a strong commitment to directing all funds towards its mission.
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 Just What I Needed Child Development Center Inc's IRS 990 filings:
- Significant operating deficit in 2023 ($311,161, with expenses exceeding revenue)
- Declining revenue trend from 2018 to 2023
- Fluctuating asset base, with a decrease from $422,937 in 2021 to $190,574 in 2023
Strengths
The following positive indicators were identified for Just What I Needed Child Development Center Inc:
- Consistent reporting of 0% officer compensation, indicating high resource allocation to mission
- Long history of IRS 990 filings (13 filings), suggesting transparency
Frequently Asked Questions about Just What I Needed Child Development Center Inc
Is Just What I Needed Child Development Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Just What I Needed Child Development Center Inc (EIN: 205836913) some concerns. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
How does Just What I Needed Child Development Center Inc spend its money?
Just What I Needed Child Development Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Just What I Needed Child Development Center Inc tax-deductible?
Just What I Needed Child Development Center Inc is registered as a tax-exempt nonprofit (EIN: 205836913). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Just What I Needed Child Development Center Inc financially stable?
The organization's financial stability appears inconsistent. While it had strong revenues in previous years, the latest 2023 filing shows a significant operating deficit of $311,161 (Expenses $940,709 - Revenue $629,548), raising concerns about its current financial health.
How does the organization manage executive compensation?
Just What I Needed Child Development Center Inc consistently reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers.
What is the trend in the organization's revenue?
The organization's revenue has shown a declining trend in recent years, from a high of $1,376,502 in 2018 to $629,548 in 2023, representing a significant decrease.
Filing History
IRS 990 filing history for Just What I Needed Child Development Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Just What I Needed Child Development Center Inc's revenue has grown by 149.4%, moving from $252K to $630K. Total assets increased by 1047.1% over the same period, from $17K to $191K. Total functional expenses rose by 272.2%, from $253K to $941K. In its most recent filing year (2023), Just What I Needed Child Development Center Inc reported a deficit of $311K, with expenses exceeding revenue. The organization holds $78K in liabilities against $191K in assets (debt-to-asset ratio: 41.1%), resulting in net assets of $112K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $630K | $941K | $191K | $78K | — | View 990 |
| 2022 | $1.1M | $1.1M | $419K | $-4,815 | — | — |
| 2021 | $897K | $835K | $423K | $12K | — | View 990 |
| 2020 | $1.0M | $863K | $355K | $3K | — | View 990 |
| 2019 | $1.2M | $1.1M | $234K | $83K | — | View 990 |
| 2018 | $1.4M | $1.3M | $188K | $45K | — | View 990 |
| 2017 | $1.1M | $1.0M | $17K | $17K | — | View 990 |
| 2016 | $769K | $764K | $46K | $66K | — | View 990 |
| 2015 | $598K | $617K | $36K | $80K | — | View 990 |
| 2014 | $586K | $576K | $23K | $85K | — | View 990 |
| 2013 | $576K | $543K | $31K | $87K | — | View 990 |
| 2012 | $442K | $430K | $51K | $75K | — | View 990 |
| 2011 | $252K | $253K | $17K | $149K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $630K, expenses of $941K, and assets of $191K (revenue -42.5% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $419K (revenue +22.2% year-over-year).
- 2021: Revenue of $897K, expenses of $835K, and assets of $423K (revenue -13.9% year-over-year).
- 2020: Revenue of $1.0M, expenses of $863K, and assets of $355K (revenue -14.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $234K (revenue -11.8% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $188K (revenue +30.4% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.0M, and assets of $17K (revenue +37.3% year-over-year).
- 2016: Revenue of $769K, expenses of $764K, and assets of $46K (revenue +28.5% year-over-year).
- 2015: Revenue of $598K, expenses of $617K, and assets of $36K (revenue +2.1% year-over-year).
- 2014: Revenue of $586K, expenses of $576K, and assets of $23K (revenue +1.9% year-over-year).
- 2013: Revenue of $576K, expenses of $543K, and assets of $31K (revenue +30.2% year-over-year).
- 2012: Revenue of $442K, expenses of $430K, and assets of $51K (revenue +75.2% year-over-year).
- 2011: Revenue of $252K, expenses of $253K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Just What I Needed Child Development Center Inc:
Data Sources and Methodology
This transparency report for Just What I Needed Child 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.