Childrens Center at Groton Inc

Analysis

Childrens Center at Groton Inc is a registered charity in United States, based in Groton, MA. It received its IRS tax-exemption ruling in September 1994, 32 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 August 2023, Childrens Center at Groton Inc reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $832k to $1.1m (+27%), an average of +6.3% a year. The sharpest change came in the year to August 2022, when income rose by 124%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Center at Groton Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include The Transportation Association of Greenwich Inc ($1.1m), Hope Center Development Corporation ($1.1m) and Nuestra Casa ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $124k (12% of expenses). Other salaries and wages came to $635k. At year end it held assets of $833k against liabilities of $305k, net assets of $529k. It reported 20 employees.