Concord Childrens Center Inc

Analysis

Concord Childrens Center Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in January 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Concord Childrens Center Inc reported income of $5.0m and spending of $3.9m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.1m to $5.0m (+62%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Concord Childrens Center Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Community Resources Inc ($5.0m), Community Sharing Program ($5.0m) and Senior Citizens Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $101k (2.6% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $7.5m against liabilities of $3.4m, net assets of $4.1m. It reported 76 employees.