Worcester Comprehensive Child Care Services Inc

Analysis

Worcester Comprehensive Child Care Services Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in February 1972, 54 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, Worcester Comprehensive Child Care Services Inc reported income of $6.4m and spending of $5.2m, spending 80% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.5m to $6.4m (+43%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Worcester Comprehensive Child Care Services Inc sits at the 93rd percentile: it is larger than about 93% 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 Interdenominational Theological Center Inc ($6.4m), Catalyst California ($6.4m) and Goodwill Industries of Ashtabula Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $269k (5.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.3m against liabilities of $381k, net assets of $4.9m. It reported 33 employees.