Alef Bet Child Care Inc

Analysis

Alef Bet Child Care Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in August 1988, 38 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 August 2023, Alef Bet Child Care Inc reported income of $641k and spending of $872k, spending 136% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $606k to $641k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to August 2021, when income rose by 98%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alef Bet Child Care Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Cornerstone Mission Project ($641k), Santa Chiara Childrens Center ($641k) and Young Mens Christian Assn of Ridgway Pa ($641k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $137k (16% of expenses). Other salaries and wages came to $443k. At year end it held assets of $738k against liabilities of $84k, net assets of $653k. It reported 20 employees.