Glassboro Child Development Centers

Analysis

Glassboro Child Development Centers is a registered charity in United States, based in Glassboro, NJ. It received its IRS tax-exemption ruling in March 1971, 55 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 December 2023, Glassboro Child Development Centers reported income of $2.3m and spending of $2.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.3m (+91%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 128%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glassboro Child Development Centers sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Paving the Way Multi Service Institute ($2.3m), Restoring Hope Center Inc ($2.3m) and Awake Ministries ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $103k (4.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.7m against liabilities of $264k, net assets of $1.4m. It reported 57 employees.