Sharon Day Care Center Inc
Sharon Day Care Center: Strong Program Spending, but Transparency Lacking
EIN: 222595916 · Sharon, CT · Updated: 2026-04-04
Is Sharon Day Care Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sharon Day Care Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sharon Day Care Center Inc
Sharon Day Care Center Inc (EIN: 222595916) is a nonprofit organization based in Sharon, CT. The organization reported total revenue of $625K and total assets of $582K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sharon Day Care Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sharon Day Care Center Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Sharon Day Care Center Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation information is not disclosed in the provided data, preventing an assessment.
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 Sharon Day Care Center Inc's IRS 990 filings:
- Lack of detailed executive compensation disclosure.
- Limited transparency regarding specific program outcomes and impact.
- No clear breakdown of administrative and fundraising expenses in public filings.
Strengths
The following positive indicators were identified for Sharon Day Care Center Inc:
- Consistently high program spending, estimated at 90% of expenses.
- Positive net assets growth over several years, indicating financial stability.
- Consistent revenue generation, with a notable increase in 2023 to $608,268.
Frequently Asked Questions about Sharon Day Care Center Inc
Is Sharon Day Care Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sharon Day Care Center Inc (EIN: 222595916) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Sharon Day Care Center Inc spend its money?
Sharon Day Care Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sharon Day Care Center Inc tax-deductible?
Sharon Day Care Center Inc is registered as a tax-exempt nonprofit (EIN: 222595916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Sharon Day Care Center Inc do?
Sharon Day Care Center Inc is a nonprofit organization in the Unknown sector, located in Sharon, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Sharon Day Care Center Inc have?
Sharon Day Care Center Inc reported total revenue of $624,519. Based on 13 IRS 990 filings on record.
What are Sharon Day Care Center Inc's total assets?
Sharon Day Care Center Inc holds total assets of $581,812 as reported in IRS 990 filings.
Where is Sharon Day Care Center Inc located?
Sharon Day Care Center Inc is based in Sharon, Connecticut.
What is Sharon Day Care Center Inc's EIN?
Sharon Day Care Center Inc's Employer Identification Number (EIN) is 222595916. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sharon Day Care Center Inc?
Sharon Day Care Center Inc is classified under NTEE code Unknown (Unknown).
Is Sharon Day Care Center Inc a registered 501(c)(3)?
Sharon Day Care Center Inc appears in IRS records (EIN: 222595916). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Sharon Day Care Center Inc file IRS Form 990?
Yes, Sharon Day Care Center Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Sharon Day Care Center Inc's revenue in 2023?
In the 202306 filing period, Sharon Day Care Center Inc reported total revenue of $608,268, total expenses of $572,751, and net assets of $571,929.
Is Sharon Day Care Center Inc's revenue growing or declining?
Sharon Day Care Center Inc's revenue is growing. Revenue went from $457,130 (202206) to $608,268 (202306), a +33.1% change. Based on 13 filings on record.
What is Sharon Day Care Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Sharon Day Care Center Inc covers tax period 202306. It shows revenue of $608,268, expenses of $572,751, total assets of $571,929, and liabilities of $1,727.
How much does Sharon Day Care Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Sharon Day Care Center Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Sharon Day Care Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Sharon Day Care Center Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Sharon Day Care Center Inc?
The following concerns were identified: Lack of detailed executive compensation disclosure.. Limited transparency regarding specific program outcomes and impact.. No clear breakdown of administrative and fundraising expenses in public filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Sharon Day Care Center Inc's strengths?
Positive indicators for Sharon Day Care Center Inc include: Consistently high program spending, estimated at 90% of expenses.. Positive net assets growth over several years, indicating financial stability.. Consistent revenue generation, with a notable increase in 2023 to $608,268.. These findings are derived from AI analysis of the organization's financial filings.
How does Sharon Day Care Center Inc compensate executives?
Executive compensation information is not disclosed in the provided data, preventing an assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Sharon Day Care Center Inc. ensure its program spending is optimally effective without detailed outcome reporting?
While the organization demonstrates high program spending, the absence of detailed outcome reporting makes it challenging to assess the specific effectiveness and impact of these expenditures on the community it serves.
What is the strategy behind the significant increase in revenue from $457,130 in 2022 to $608,268 in 2023?
The provided data shows a substantial revenue increase in 2023. Understanding the specific initiatives, grants, or fundraising efforts that contributed to this growth would offer valuable insight into the organization's strategic development.
Filing History
IRS 990 filing history for Sharon Day Care Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sharon Day Care Center Inc's revenue has grown by 335.3%, moving from $140K to $608K. Total assets increased by 201.4% over the same period, from $190K to $572K. Total functional expenses rose by 293.2%, from $146K to $573K. In its most recent filing year (2023), Sharon Day Care Center Inc reported a surplus of $36K, with revenue exceeding expenses. The organization holds $2K in liabilities against $572K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $570K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $608K | $573K | $572K | $2K | — | — |
| 2022 | $457K | $325K | $551K | $59K | — | View 990 |
| 2021 | $457K | $325K | $418K | $59K | — | — |
| 2020 | $316K | $343K | $306K | $79K | — | View 990 |
| 2019 | $347K | $326K | $259K | $5K | — | View 990 |
| 2018 | $317K | $295K | $234K | $1K | — | View 990 |
| 2017 | $250K | $287K | $212K | $786 | — | View 990 |
| 2016 | $159K | $165K | $249K | $129 | — | View 990 |
| 2015 | $182K | $155K | $255K | $192 | — | View 990 |
| 2014 | $176K | $165K | $229K | $911 | — | View 990 |
| 2013 | $184K | $153K | $218K | $0 | — | View 990 |
| 2012 | $147K | $149K | $188K | $0 | — | View 990 |
| 2011 | $140K | $146K | $190K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $608K, expenses of $573K, and assets of $572K (revenue +33.1% year-over-year).
- 2022: Revenue of $457K, expenses of $325K, and assets of $551K (revenue +0.0% year-over-year).
- 2021: Revenue of $457K, expenses of $325K, and assets of $418K (revenue +44.6% year-over-year).
- 2020: Revenue of $316K, expenses of $343K, and assets of $306K (revenue -9.0% year-over-year).
- 2019: Revenue of $347K, expenses of $326K, and assets of $259K (revenue +9.6% year-over-year).
- 2018: Revenue of $317K, expenses of $295K, and assets of $234K (revenue +26.8% year-over-year).
- 2017: Revenue of $250K, expenses of $287K, and assets of $212K (revenue +57.7% year-over-year).
- 2016: Revenue of $159K, expenses of $165K, and assets of $249K (revenue -13.0% year-over-year).
- 2015: Revenue of $182K, expenses of $155K, and assets of $255K (revenue +3.8% year-over-year).
- 2014: Revenue of $176K, expenses of $165K, and assets of $229K (revenue -4.4% year-over-year).
- 2013: Revenue of $184K, expenses of $153K, and assets of $218K (revenue +24.8% year-over-year).
- 2012: Revenue of $147K, expenses of $149K, and assets of $188K (revenue +5.3% year-over-year).
- 2011: Revenue of $140K, expenses of $146K, and assets of $190K.
Data Sources and Methodology
This transparency report for Sharon 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.