New York Center for Child Development

Analysis

New York Center for Child Development is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1997, 29 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 2023, New York Center for Child Development reported income of $9.8m and spending of $10.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.0m to $9.8m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2022, when income dropped by 27%. 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, New York Center for Child Development sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Marygrove Conservancy ($9.8m), Lutz Preparatory School Inc ($9.8m) and Nashoba Brooks School of Concord ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $515k (5.1% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $21.9m against liabilities of $18.8m, net assets of $3.1m. It reported 152 employees.