Child Development Support Corp

Analysis

Child Development Support Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1977, 49 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, Child Development Support Corp reported income of $4.7m and spending of $4.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $4.7m (+88%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 71%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Child Development Support Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Agewell Services of W Michigan ($4.7m), Fathers Support Center St Louis ($4.7m) and Guardian Trust Foundation Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $156k (3.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.4m against liabilities of $4.5m, net assets of $2.9m. It reported 22 employees.