Gersh and Sarah Lemberg Childrens Center Inc

Analysis

Gersh and Sarah Lemberg Childrens Center Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in July 1972, 54 years ago. 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, Gersh and Sarah Lemberg Childrens Center Inc reported income of $2.6m and spending of $2.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.6m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gersh and Sarah Lemberg Childrens Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include The Farm School Inc ($2.6m), Adelante Community Development ($2.6m) and Crowleys Ridge Academy ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $1.7m against liabilities of $692k, net assets of $989k. It reported 113 employees.