Needham Extended Day Program Inc

Analysis

Needham Extended Day Program Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Needham Extended Day Program Inc reported income of $3.7m and spending of $3.1m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.7m (+65%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 199%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Needham Extended Day Program Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Illinois Central College Foundation ($3.7m), Victims Information Bureau of Suffolk Inc C O James C Walsh ($3.7m) and Awareness Society a New Jersey Nonprofit Corporation ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $146k (4.8% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $2.2m against liabilities of $47k, net assets of $2.2m. It reported 82 employees.