Chicopee Child Development Center Inc

Analysis

Chicopee Child Development Center Inc is a registered charity in United States, based in Chicopee, MA. It received its IRS tax-exemption ruling in February 1971, 55 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 2024, Chicopee Child Development Center Inc reported income of $858k and spending of $686k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $533k to $858k (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 99%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicopee Child Development Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Community Council of St Charles County ($858k), Kiwanis Foundation of New England Inc ($858k) and Opportunity Housing Inc of Putnam County ($858k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $68k (9.9% of expenses). Other salaries and wages came to $399k. At year end it held assets of $1.2m against liabilities of $50k, net assets of $1.1m. It reported 19 employees.