Commonwealth Child Care Corporation

Analysis

Commonwealth Child Care Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1982, 44 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, Commonwealth Child Care Corporation reported income of $1.3m and spending of $1.3m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $846k to $1.3m (+55%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Commonwealth Child Care Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Hereford Senior Citizen Assoc ($1.3m), Southern Pride Senior Program NFP ($1.3m) and Ross Lynn Charitable Foundation Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $173k (14% of expenses). Other salaries and wages came to $816k. At year end it held assets of $824k against liabilities of $139k, net assets of $686k. It reported 22 employees.