East River Child Development Center

Analysis

East River Child Development Center is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, East River Child Development Center reported income of $6.2m and spending of $5.6m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.8m to $6.2m (+28%), an average of +5.1% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East River Child Development Center sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Sejong Academy ($6.2m), Boston After School & Beyond Inc ($6.2m) and Center for Progressive Learning Inc ($6.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $425k (7.6% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $3.3m against liabilities of $2.2m, net assets of $1.1m. It reported 59 employees.