The Child Center of Ny Inc

Analysis

The Child Center of Ny Inc is a registered charity in United States, based in Forest Hills, NY. It received its IRS tax-exemption ruling in March 1961, 65 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 June 2023, The Child Center of Ny Inc reported income of $92.8m and spending of $87.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $55.5m to $92.8m (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Child Center of Ny Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include New York State Technology Enterprise Corporation ($92.7m), Conference of State Bank Supervisors Inc ($92.9m) and Easterseals-Goodwill Northern Rocky Mountain Inc ($92.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $988k (1.1% of expenses). Other salaries and wages came to $51.1m. It paid $187k in professional fundraising fees. At year end it held assets of $56.6m against liabilities of $36.7m, net assets of $19.8m. It reported 2,892 employees.