Wolfeboro Area Childrens Center Inc

Analysis

Wolfeboro Area Childrens Center Inc is a registered charity in United States, based in Wolfeboro, NH. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wolfeboro Area Childrens Center Inc reported income of $2.9m and spending of $2.3m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $2.9m (+8.0%), an average of +1.9% a year. The sharpest change came in the year to June 2023, when income rose by 85%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wolfeboro Area Childrens Center Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NH. Charities of a similar size with the same main cause include Verde Valley Caregivers Coalition ($2.9m), Coyote Hill Christian Childrens Home ($2.9m) and Catholic Charities of Eastern Virginia Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $101k (4.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $8.5m against liabilities of $154k, net assets of $8.4m. It reported 58 employees.