The Childrens Storefront

Analysis

The Childrens Storefront is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1994, 32 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 Childrens Storefront reported income of $4.0m and spending of $871k, leaving 78% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $478k to $4.0m (+733%), an average of +70% a year. The sharpest change came in the year to June 2023, when income rose by 442%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Childrens Storefront 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 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Youth Crossroads Inc ($4.0m), Masonic Home Endowment Fund Inc ($4.0m) and Renaissance House Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% of the total. Compensation of current officers, directors and key employees was $161k (18% of expenses). Other salaries and wages came to $266k. At year end it held assets of $5.4m against liabilities of $195k, net assets of $5.3m. It reported 9 employees.