Riverfront Childrens Center Inc

Analysis

Riverfront Childrens Center Inc is a registered charity in United States, based in Groton, CT. It received its IRS tax-exemption ruling in July 1942, 84 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 June 2023, Riverfront Childrens Center Inc reported income of $2.4m and spending of $1.9m, leaving 20% of income unspent that year. Across the 4 years on record, from December 2019 to June 2023, income grew from $1.4m to $2.4m (+65%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riverfront Childrens Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include North Hills Services Inc ($2.4m), Ste Genevieve Group Home Inc ($2.4m) and Operation Care International Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $136k (7.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.9m against liabilities of $169k, net assets of $2.7m. It reported 41 employees.