Open Center for Children Inc

Analysis

Open Center for Children Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in February 1973, 53 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 August 2023, Open Center for Children Inc reported income of $879k and spending of $762k, spending 87% of its income. Across the 6 years on record, from June 2019 to August 2023, income grew from $621k to $879k (+42%), an average of +7.2% a year. The sharpest change came in the year to August 2020, when income rose by 555%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Open Center for Children Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Childrens House Inc ($879k), Jim Thorpe Association Inc ($879k) and New Camillus House Campus Inc ($879k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $87k (11% of expenses). Other salaries and wages came to $411k. At year end it held assets of $1.1m against liabilities of $300k, net assets of $800k. It reported 19 employees.