Margaret C Griffin Child Develop Ment Center of Southington Inc

Analysis

Margaret C Griffin Child Develop Ment Center of Southington Inc is a registered charity in United States, based in Southington, CT. It received its IRS tax-exemption ruling in February 1974, 52 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, Margaret C Griffin Child Develop Ment Center of Southington Inc reported income of $727k and spending of $586k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $586k to $727k (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Margaret C Griffin Child Develop Ment Center of Southington Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Angies Kitchen Inc ($727k), Sisters PGH Corp ($727k) and Loaves and Fishes of Tompkins County Inc ($727k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $403k. At year end it held assets of $754k against liabilities of $71k, net assets of $683k. It reported 12 employees.