Beverly Childrens Learning Cent Inc

Analysis

Beverly Childrens Learning Cent Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in January 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Beverly Childrens Learning Cent Inc reported income of $3.6m and spending of $3.0m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.6m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 39%. 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, Beverly Childrens Learning Cent 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 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Harmony at Home ($3.6m), Viable Options in Community ($3.6m) and Food Project Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $149k (4.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.5m against liabilities of $2.3m, net assets of $3.2m. It reported 52 employees.