Cottage Childrens Center Inc

Analysis

Cottage Childrens Center Inc is a registered charity in United States, based in Marlboro, MA. It received its IRS tax-exemption ruling in June 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cottage Childrens Center Inc reported income of $2.9m and spending of $2.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.9m (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cottage Childrens Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Museo de Arte Contemporaneo de Puerto Rico Inc ($2.9m), Pee Dee Academy ($2.9m) and Post Falls Food Bank Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $97k (3.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $1.5m against liabilities of $361k, net assets of $1.2m. It reported 76 employees.