Salem Community Child Care Inc

Analysis

Salem Community Child Care Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Salem Community Child Care Inc reported income of $3.0m and spending of $2.8m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $3.0m (+68%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Salem Community Child Care Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Brown Bag Ministries Inc ($3.0m), Sunrise Family Resource Center Inc ($3.0m) and Friends of Hospice House Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $226k (8.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.8m against liabilities of $659k, net assets of $1.2m. It reported 60 employees.