Armonk Childrens Corner Inc

Analysis

Armonk Childrens Corner Inc is a registered charity in United States, based in Armonk, NY. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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 2023, Armonk Childrens Corner Inc reported income of $680k and spending of $584k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $408k to $680k (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 11848%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Armonk Childrens Corner Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Mankato Ballet Company ($679k), Quality Mental Health Inc ($680k) and Old Trail School Foundation ($679k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $101k (17% of expenses). Other salaries and wages came to $319k. At year end it held assets of $621k against liabilities of $30k, net assets of $591k. It reported 29 employees.