Overview
The 61,000 child care centers in the US provide care for infants and children, and offer services out of dedicated facilities (private centers) or residences (home-based centers). Most child care centers are small, independent operations – 80% have a single location and 80% employ less than 20 workers.
Potential for Liability
Providing care for children is a high stakes operation, where even small accidents and errors can have severe consequences.
High Turnover
Finding and retaining permanent staff is a problem for the child care industry due to low wages, lack of benefits, long hours, and challenging work.
Industry Financial Benchmarks
Here are typical financial statements for child care centers.
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