Quality First Child Care Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 60,000 | 55,789 | 4,211 | 0.9 | — |
| 2012 | 73,000 | 57,381 | 15,619 | 3.3 | — |
| 2013 | 69,554 | 59,218 | 10,336 | -1.1 | — |
| 2014 | 161,863 | 143,060 | 18,803 | 0.8 | — |
| 2015 | 400,000 | 327,460 | 72,540 | 3.4 | — |
| 2016 | 556,400 | 410,188 | 146,212 | 1.7 | 33% |
| 2017 | 680,161 | 576,380 | 103,781 | 0.6 | 49% |
| 2018 | 812,971 | 560,880 | 252,091 | 3.4 | 53% |
| 2019 | 910,970 | 500,315 | 410,655 | 5.1 | 46% |
| 2020 | 977,189 | 395,880 | 581,309 | 0.0 | 30% |
| 2021 | 605,000 | 295,000 | 310,000 | 0.0 | 27% |
| 2022 | 625,000 | 575,000 | 50,000 | 1.0 | 14% |
In its most recent public year (2022), this organization brought in $50,000 more than it spent. Its reserves stood at about 1 months of spending. Staff pay was 14% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2022. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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