Childrens Center for Communication Inc

Analysis

Childrens Center for Communication Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in March 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Childrens Center for Communication Inc reported income of $10.2m and spending of $10.4m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.1m to $10.2m (+12%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Childrens Center for Communication Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Arkansas State University System Foundation Inc ($10.2m), Step Academy ($10.2m) and George Washington Academy ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Other salaries and wages came to $7.5m. At year end it held assets of $12.9m against liabilities of $5.3m, net assets of $7.5m. It reported 189 employees.