Southfield Childrens Center Inc

Analysis

Southfield Childrens Center Inc is a registered charity in United States, based in Newington, CT. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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 December 2023, Southfield Childrens Center Inc reported income of $1.6m and spending of $1.1m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southfield Childrens Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Mid South Independent School Business Oficers Inc ($1.6m), Population Association of America Inc ($1.6m) and Towson Recreation Council ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $76k (6.8% of expenses). Other salaries and wages came to $668k. At year end it held assets of $1.6m against liabilities of $395k, net assets of $1.2m. It reported 30 employees.