Wellesley Community Childrens Center Inc

Analysis

Wellesley Community Childrens Center Inc is a registered charity in United States, based in Wellesley Hills, MA. It received its IRS tax-exemption ruling in December 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Wellesley Community Childrens Center Inc reported income of $5.6m and spending of $5.1m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.0m to $5.6m (+40%), an average of +8.9% a year. The sharpest change came in the year to August 2022, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wellesley Community Childrens Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Westside Community Focus Inc ($5.6m), Living Independence Network Corp ($5.6m) and Goodness Outreach Depot ($5.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $549k (11% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $3.4m against liabilities of $446k, net assets of $3.0m. It reported 113 employees.