Riverside Childrens Center Inc

Analysis

Riverside Childrens Center Inc is a registered charity in United States, based in Waban, MA. It received its IRS tax-exemption ruling in March 1984, 42 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 August 2023, Riverside Childrens Center Inc reported income of $1.9m and spending of $1.7m, spending 91% of its income. Across the 6 years on record, from June 2019 to August 2023, income grew from $1.5m to $1.9m (+28%), an average of +5.1% a year. The sharpest change came in the year to August 2023, when income rose by 558%. 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, Riverside Childrens Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include The Obria Group Inc ($1.9m), Playdate Inc ($1.9m) and Parenting Resource Center Inc ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $113k (6.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $307k, net assets of $1.1m. It reported 38 employees.