Childrens Learning Centers of Fairfield County Inc

Analysis

Childrens Learning Centers of Fairfield County Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in August 1954, 72 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 June 2023, Childrens Learning Centers of Fairfield County Inc reported income of $19.4m and spending of $18.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.8m to $19.4m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Learning Centers of Fairfield County Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Franke Tobey Jones ($19.4m), Central West Virginia Aging Services Inc ($19.4m) and Living Cities Inc the National Community Development Initiative ($19.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $365k (2.0% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $11.7m against liabilities of $6.3m, net assets of $5.4m. It reported 257 employees.