Childrens Center of Lexington Inc

Analysis

Childrens Center of Lexington Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in March 1973, 53 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 August 2023, Childrens Center of Lexington Inc reported income of $1.9m and spending of $1.7m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $1.9m (+39%), an average of +8.5% a year. The sharpest change came in the year to August 2021, when income rose by 56%. 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, Childrens Center of Lexington Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Connections Homes Inc ($1.9m), Salem Lodge of Bnai Brith Housing Corp ($1.9m) and Idaho Falls Rescue Mission Inc ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.2m against liabilities of $391k, net assets of $794k. It reported 26 employees.