Longwood Medical Area Childrens Center Corporation

Analysis

Longwood Medical Area Childrens Center Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1994, 32 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, Longwood Medical Area Childrens Center Corporation reported income of $3.1m and spending of $2.5m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.1m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Longwood Medical Area Childrens Center Corporation 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 Hospice of NW Alabama ($3.1m), Martha B Gudelsky Child Development Center Inc ($3.1m) and The Greater Washington Jewish Coalition Against Domestic Abuse ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $130k (5.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.5m against liabilities of $901k, net assets of $1.6m. It reported 78 employees.