Powered by LevrNAICS 624110: Child and youth services
NAICS 624110 is the industry code for child and youth services. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.
What 624110 covers
These agencies provide social services for children and youth, such as adoption, foster care placement, child welfare services, youth mentoring and youth centers. Child care services use a separate code.
Included in this code
- Adoption agencies
- Foster care placement agencies
- Child welfare services
- Youth mentoring programs
- Youth drop in centers
- Child guidance
Not this code
- Child care centers: see 624410 Child care services
- Youth group homes: see 623990 Other residential care facilities
- Youth sports instruction: see 611620 Sports and recreation instruction
Businesses that use 624110
Financing for this trade
Agencies here are often nonprofits that finance with lines of credit to bridge government contract payments, and mortgages for facilities. Lenders look at contract funding, grant sources and reserves.
Apply for funding with AIIs 624110 the right code for a child or youth services agency?
Yes, if you provide social services to children and youth, such as adoption, foster care placement, child welfare or mentoring. Day care and preschool use 624410. Residential group homes for youth use 623990. Youth sports leagues and instruction use 611620.
What is the SBA size standard for 624110?
SBA sets the size standard for 624110 at $15.5 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Child and youth service agencies at or under that figure qualify as small businesses for SBA 7(a) and 504 loans and for federal small business set asides. Most independent child and youth service agencies fall well inside the limit, so size is rarely what decides an SBA application.
How do child welfare agencies manage cash flow?
Many depend on state and county contracts that reimburse costs after services are delivered, so they use a line of credit to cover payroll in the gap. Mortgages finance offices and centers. Lenders look at contract terms, payment history, reserves and funding diversity.
What does NAICS 624110 cover?
Child and youth services. Industry level code in NAICS 2022, under 62 Health care and social assistance, 624 Social assistance, 6241 Individual and family services, 62411 Child and youth services.
What financing do NAICS 624110 businesses use?
Term loans, lines of credit, SBA loans and working capital are the usual products. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 624110?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.