Clarendon Early Education Services Inc

Analysis

Clarendon Early Education Services Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in November 1978, 48 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 December 2023, Clarendon Early Education Services Inc reported income of $17.7m and spending of $16.6m, spending 94% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $11.3m to $17.7m (+56%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 397%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clarendon Early Education Services Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Meals on Wheels People Inc ($17.7m), Hinds County Human Resource Agency ($17.7m) and Westmoreland Human Opportunities Inc ($17.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $239k (1.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.2m against liabilities of $1.6m, net assets of $3.6m. It reported 36 employees.