Babys Space - a Place to Grow

Analysis

Babys Space - a Place to Grow is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Babys Space - a Place to Grow reported income of $2.5m and spending of $2.3m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $2.5m (+36%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Babys Space - a Place to Grow sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Summit County Child Care Resource & Referral Agency ($2.5m), Northwest Wisconsin Community Services Agency Inc ($2.5m) and Advent Group Ministries Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Other salaries and wages came to $1.2m. It paid $53k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $112k, net assets of $1.1m. It reported 51 employees.