Charles River Center Inc

Analysis

Charles River Center Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in August 1958, 68 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Charles River Center Inc reported income of $40.3m and spending of $33.2m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $27.5m to $40.3m (+46%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charles River Center Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include The Young Mens Christian Association of Boise City Idaho ($40.2m), Ohio District 5 Area Agency on Aging Inc ($40.3m) and Habitat for Humanity International Inc ($40.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $621k (1.9% of expenses). Other salaries and wages came to $19.9m. At year end it held assets of $51.2m against liabilities of $10.3m, net assets of $40.9m. It reported 596 employees.