Childrens Corner of West Essex Inc

Analysis

Childrens Corner of West Essex Inc is a registered charity in United States, based in Roseland, NJ. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Childrens Corner of West Essex Inc reported income of $716k and spending of $740k, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $353k to $716k (+103%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Childrens Corner of West Essex Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Entrepreneurs Organization ($716k), Asociacion de Ejecutivos de Cooperativas de Puerto Rico Inc ($716k) and First New Hampshire Robotics ($716k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Other salaries and wages came to $327k. At year end it held assets of $35k against liabilities of $217k, net assets of -$183k. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.