Millville Day Care Center

Is Millville 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 →

Millville Day Care Center directs 81% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Millville Day Care Center

Millville Day Care Center (EIN: 222096932) is a nonprofit organization based in Millville, NJ. The organization reported total revenue of $3.2M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Millville Day Care Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Millville Day Care Center is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Millville Day Care Center reported a surplus of $361K with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.7% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Millville Day Care Center's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.

IRS Tax-Exempt Classification

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 Millville Day Care Center with a Mission Score of 85 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: 81%
• fundraising: 9%

According to IRS 990 filings, Millville Day Care Center allocates its expenses as follows: admin: 10%, programs: 81%, fundraising: 9%. With 81% 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 surplus of $361K, with revenue exceeding expenses.
• Debt-to-asset ratio: 4.7%.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, which is highly atypical for an organization with revenues exceeding $3 million in 2023 and suggests potential underreporting or alternative compensation structures not disclosed.

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 Millville Day Care Center's IRS 990 filings:

• Consistent reporting of $0 for all officer, director, trustee, and key employee compensation raises questions about how leadership is compensated or if services are entirely volunteer-based at a high level of operation.
• Lack of detailed narrative or financial breakdowns beyond basic revenue and expense figures makes it difficult to fully assess operational efficiency and impact.

Strengths

The following positive indicators were identified for Millville Day Care Center:

• The organization demonstrates consistent revenue growth over the past several years, from $1.58 million in 2017 to $3.19 million in 2023.
• A high percentage of expenses are allocated to programs (81% in 2023 based on total expenses of $2,572,840 and program expenses of $2,083,990, calculated as 2572840 - 130465 - 358385 = 2083990), indicating a strong focus on its core mission.
• Assets have shown steady growth, increasing from $1.24 million in 2017 to $2.84 million in 2023, suggesting financial stability and capacity.

Frequently Asked Questions about Millville Day Care Center

Filing History

IRS 990 filing history for Millville Day Care Center showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Millville Day Care Center's revenue has grown by 90.1%, moving from $1.5M to $2.9M. Total assets increased by 100.6% over the same period, from $1.4M to $2.8M. Total functional expenses rose by 65.5%, from $1.6M to $2.6M. In its most recent filing year (2023), Millville Day Care Center reported a surplus of $361K, with revenue exceeding expenses. The organization holds $130K in liabilities against $2.8M in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $2.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.9M, expenses of $2.6M, and assets of $2.8M (revenue +26.2% year-over-year).
• 2022: Revenue of $2.3M, expenses of $1.9M, and assets of $2.4M (revenue +18.2% year-over-year).
• 2021: Revenue of $2.0M, expenses of $1.6M, and assets of $2.1M (revenue +8.6% year-over-year).
• 2020: Revenue of $1.8M, expenses of $1.6M, and assets of $1.5M (revenue +2.2% year-over-year).
• 2019: Revenue of $1.8M, expenses of $1.8M, and assets of $1.3M (revenue +7.6% year-over-year).
• 2018: Revenue of $1.6M, expenses of $1.7M, and assets of $1.2M (revenue +3.6% year-over-year).
• 2017: Revenue of $1.6M, expenses of $1.7M, and assets of $1.2M (revenue -1.1% year-over-year).
• 2016: Revenue of $1.6M, expenses of $1.7M, and assets of $1.4M (revenue -3.8% year-over-year).
• 2015: Revenue of $1.7M, expenses of $1.8M, and assets of $1.4M (revenue -6.8% year-over-year).
• 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $1.5M (revenue +9.7% year-over-year).
• 2013: Revenue of $1.6M, expenses of $1.5M, and assets of $1.5M (revenue +9.6% year-over-year).
• 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $1.4M (revenue -3.4% year-over-year).
• 2011: Revenue of $1.5M, expenses of $1.6M, and assets of $1.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Millville Day Care Center:

Data Sources and Methodology

This transparency report for Millville 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.