Cradles to Crayons Inc

Analysis

Cradles to Crayons Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Cradles to Crayons Inc reported income of $40.1m and spending of $38.7m, spending 96% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $27.0m to $40.1m (+49%), an average of +14% a year. The sharpest change came in the year to March 2022, when income rose by 77%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cradles to Crayons Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Childrens Services of Roxbury Inc ($40.0m), Nysarc Inc ($40.1m) and Epilepsy-Pralid Inc ($40.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $775k (2.0% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $36.3m against liabilities of $9.1m, net assets of $27.2m. It reported 125 employees.