Cambridgeport Child Care Inc

Analysis

Cambridgeport Child Care Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in October 1974, 52 years ago. 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 2024, Cambridgeport Child Care Inc reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $782k to $1.0m (+30%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cambridgeport Child Care Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Young Womens Christian Assoc ($1.0m), Calvary Community Services Inc ($1.0m) and Oregon Coast Council of the Arts ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $136k (14% of expenses). Other salaries and wages came to $536k. At year end it held assets of $801k against liabilities of $280k, net assets of $522k. It reported 17 employees.