Childrens Center of Hamden Inc

Analysis

Childrens Center of Hamden Inc is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Center of Hamden Inc reported income of $16.2m and spending of $17.9m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.1m to $16.2m (-20%), an average of -5.3% a year. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Childrens Center of Hamden Inc sits at the 95th percentile: it is larger than about 95% 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 Pharos Academy Charter School ($16.2m), Washington Episcopal Day School Inc ($16.2m) and Legacy Traditional School-Phoenix ($16.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $394k (2.2% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $6.3m against liabilities of $12.2m, net assets of -$5.9m. It reported 294 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.