Cornwall Child Center Inc

Analysis

Cornwall Child Center Inc is a registered charity in United States, based in West Cornwall, CT. It received its IRS tax-exemption ruling in May 1974, 52 years ago. 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 June 2023, Cornwall Child Center Inc reported income of $344k and spending of $394k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $190k to $344k (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cornwall Child Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include The Tennessee Williams-New Orleans Literary Festival Inc ($344k), Signal School of Physical Education ($344k) and United Way of Jasper County ($344k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. Other salaries and wages came to $257k. At year end it held assets of $368k against liabilities of $11k, net assets of $357k. It reported 12 employees.