Child Care of the Berkshires Inc

Analysis

Child Care of the Berkshires Inc is a registered charity in United States, based in North Adams, MA. It received its IRS tax-exemption ruling in May 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Child Care of the Berkshires Inc reported income of $5.7m and spending of $5.4m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.1m to $5.7m (+13%), an average of +2.5% a year. The sharpest change came in the year to June 2021, when income dropped by 28%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Child Care of the Berkshires Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Lutheran Social Mission Society of Philadelphia ($5.7m), Orinda Network for Education ($5.7m) and Mecklenburg Aquatic Club Inc ($5.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $137k (2.6% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $6.2m against liabilities of $458k, net assets of $5.7m. It reported 125 employees.