The Kathy Herward Child Care Center
The Kathy Herward Child Care Center: Consistent Operations, Modest Reserves
EIN: 222572872 · Andover, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| Net Assets | $428K |
| Transparency Score | 75/100 |
Is The Kathy Herward Child Care Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Kathy Herward Child Care Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Kathy Herward Child Care Center
The Kathy Herward Child Care Center (EIN: 222572872) is a nonprofit organization based in Andover, MA. The organization reported total revenue of $1.2M and total assets of $571K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Kathy Herward Child Care Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Kathy Herward Child Care Center is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$68K |
| Total Assets | $460K |
| Total Liabilities | $32K |
| Net Assets | $428K |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 6.9% |
| Months of Reserves | 4.8 months |
Financial Health Grade: A
In 2023, The Kathy Herward Child Care Center reported a surplus of $68K with revenue exceeding expenses, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 6.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Kathy Herward Child Care Center's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | -3.2% | +18.3% |
| 2022 | +13.3% | +15.1% | +13.4% |
| 2021 | +29.5% | +7.2% | +151.2% |
| 2020 | -8.0% | -1.9% | -47.6% |
| 2019 | -6.7% | +6.4% | -19.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 The Kathy Herward Child Care Center with a Mission Score of 75 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: 85%
- fundraising: 5%
According to IRS 990 filings, The Kathy Herward Child Care Center allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $68K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.9%.
Executive Compensation Analysis
Executive compensation cannot be assessed as specific figures for individual salaries are not provided in the available data.
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 The Kathy Herward Child Care Center's IRS 990 filings:
- Limited growth in net assets over the past several years, with some fluctuations.
- Reliance on a relatively stable revenue stream without significant diversification indicated.
Strengths
The following positive indicators were identified for The Kathy Herward Child Care Center:
- Consistent operational revenue exceeding expenses in most recent years, indicating financial stability.
- Maintains a positive asset base, demonstrating some financial resilience.
- Long operational history suggests established community presence and service delivery.
Frequently Asked Questions about The Kathy Herward Child Care Center
Is The Kathy Herward Child Care Center a legitimate charity?
The Kathy Herward Child Care Center (EIN: 222572872) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Kathy Herward Child Care Center spend its money?
The Kathy Herward Child Care Center directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Kathy Herward Child Care Center tax-deductible?
The Kathy Herward Child Care Center is registered as a tax-exempt nonprofit (EIN: 222572872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Kathy Herward Child Care Center's spending goes to programs?
The Kathy Herward Child Care Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Kathy Herward Child Care Center located?
The Kathy Herward Child Care Center is headquartered in Andover, Massachusetts and files with the IRS under EIN 222572872.
How many years of IRS 990 filings does The Kathy Herward Child Care Center have?
The Kathy Herward Child Care Center has 13 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 $1.2M in total revenue.
What does The Kathy Herward Child Care Center do?
The Kathy Herward Child Care Center is a nonprofit organization in the Unknown sector, located in Andover, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does The Kathy Herward Child Care Center have?
The Kathy Herward Child Care Center reported total revenue of $1,233,015. Based on 13 IRS 990 filings on record.
What are The Kathy Herward Child Care Center's total assets?
The Kathy Herward Child Care Center holds total assets of $570,630 as reported in IRS 990 filings.
Where is The Kathy Herward Child Care Center located?
The Kathy Herward Child Care Center is based in Andover, Massachusetts.
What is The Kathy Herward Child Care Center's EIN?
The Kathy Herward Child Care Center's Employer Identification Number (EIN) is 222572872. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Kathy Herward Child Care Center?
The Kathy Herward Child Care Center is classified under NTEE code Unknown (Unknown).
Is The Kathy Herward Child Care Center a registered 501(c)(3)?
The Kathy Herward Child Care Center appears in IRS records (EIN: 222572872). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Kathy Herward Child Care Center file IRS Form 990?
Yes, The Kathy Herward Child Care Center has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was The Kathy Herward Child Care Center's revenue in 2023?
In the 202309 filing period, The Kathy Herward Child Care Center reported total revenue of $1,219,018, total expenses of $1,150,529, and net assets of $459,841.
Is The Kathy Herward Child Care Center's revenue growing or declining?
The Kathy Herward Child Care Center's revenue is relatively stable. Revenue went from $1,233,220 (202209) to $1,219,018 (202309), a -1.2% change. Based on 13 filings on record.
What is The Kathy Herward Child Care Center's most recent 990 filing?
The most recent IRS Form 990 filing for The Kathy Herward Child Care Center covers tax period 202309. It shows revenue of $1,219,018, expenses of $1,150,529, total assets of $459,841, and liabilities of $31,922.
How much does The Kathy Herward Child Care Center spend on programs vs administration?
Based on IRS 990 analysis, The Kathy Herward Child Care Center allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is The Kathy Herward Child Care Center a trustworthy charity?
Based on AI analysis of IRS 990 data, The Kathy Herward Child Care Center appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for The Kathy Herward Child Care Center?
The following concerns were identified: Limited growth in net assets over the past several years, with some fluctuations.. Reliance on a relatively stable revenue stream without significant diversification indicated.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Kathy Herward Child Care Center's strengths?
Positive indicators for The Kathy Herward Child Care Center include: Consistent operational revenue exceeding expenses in most recent years, indicating financial stability.. Maintains a positive asset base, demonstrating some financial resilience.. Long operational history suggests established community presence and service delivery.. These findings are derived from AI analysis of the organization's financial filings.
How does The Kathy Herward Child Care Center compensate executives?
Executive compensation cannot be assessed as specific figures for individual salaries are not provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to maintain consistent revenue and expense levels over nearly a decade, and what are the primary sources of this stability?
The organization has maintained revenue between $840,456 and $1,233,220 and expenses between $814,706 and $1,188,438 over the past eight years. This consistency suggests a stable operational model, likely supported by consistent enrollment or funding streams, though specific sources are not detailed in the provided data.
Given the relatively small and fluctuating net assets, what is the organization's strategy for building reserves or investing in future growth?
Net assets have fluctuated, ranging from $136,474 in 2020 to $459,841 in 2023. While there's an upward trend in the most recent year, the overall modest level suggests a focus on operational expenditures rather than significant reserve building or large-scale capital investments. A specific strategy for future growth or reserve building is not discernible from the provided financial summaries.
Filing History
IRS 990 filing history for The Kathy Herward Child Care Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Kathy Herward Child Care Center's revenue has grown by 75.2%, moving from $696K to $1.2M. Total assets increased by 281.6% over the same period, from $121K to $460K. Total functional expenses rose by 59.9%, from $719K to $1.2M. In its most recent filing year (2023), The Kathy Herward Child Care Center reported a surplus of $68K, with revenue exceeding expenses. The organization holds $32K in liabilities against $460K in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $428K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $460K | $32K | — | — |
| 2022 | $1.2M | $1.2M | $389K | $29K | — | View 990 |
| 2021 | $1.1M | $1.0M | $343K | $174K | — | View 990 |
| 2020 | $840K | $963K | $136K | $23K | — | View 990 |
| 2019 | $914K | $981K | $260K | $24K | — | View 990 |
| 2018 | $979K | $922K | $324K | $20K | — | View 990 |
| 2017 | $942K | $854K | $264K | $20K | — | View 990 |
| 2016 | $841K | $815K | $173K | $17K | — | View 990 |
| 2015 | $775K | $798K | $143K | $13K | — | View 990 |
| 2014 | $836K | $762K | $166K | $14K | — | View 990 |
| 2013 | $740K | $752K | $91K | $14K | — | View 990 |
| 2012 | $708K | $728K | $102K | $13K | — | View 990 |
| 2011 | $696K | $719K | $121K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $460K (revenue -1.2% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $389K (revenue +13.3% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.0M, and assets of $343K (revenue +29.5% year-over-year).
- 2020: Revenue of $840K, expenses of $963K, and assets of $136K (revenue -8.0% year-over-year).
- 2019: Revenue of $914K, expenses of $981K, and assets of $260K (revenue -6.7% year-over-year).
- 2018: Revenue of $979K, expenses of $922K, and assets of $324K (revenue +4.0% year-over-year).
- 2017: Revenue of $942K, expenses of $854K, and assets of $264K (revenue +12.0% year-over-year).
- 2016: Revenue of $841K, expenses of $815K, and assets of $173K (revenue +8.4% year-over-year).
- 2015: Revenue of $775K, expenses of $798K, and assets of $143K (revenue -7.3% year-over-year).
- 2014: Revenue of $836K, expenses of $762K, and assets of $166K (revenue +13.0% year-over-year).
- 2013: Revenue of $740K, expenses of $752K, and assets of $91K (revenue +4.4% year-over-year).
- 2012: Revenue of $708K, expenses of $728K, and assets of $102K (revenue +1.8% year-over-year).
- 2011: Revenue of $696K, expenses of $719K, and assets of $121K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Kathy Herward Child Care Center:
Data Sources and Methodology
This transparency report for The Kathy Herward Child 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.