Utopia Childrens Center Inc

Analysis

Utopia Childrens Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1947, 79 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, Utopia Childrens Center Inc reported income of $698k and spending of $716k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $528k to $698k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Utopia Childrens Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Broadway Training Center of Westchester Inc ($698k), College Orientation Workshop Inc ($698k) and Childs Way Inc ($698k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $87k (12% of expenses). Other salaries and wages came to $345k. At year end it held assets of $282k against liabilities of $146k, net assets of $137k. It reported 13 employees.