Child Development Centers Inc

Analysis

Child Development Centers Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in December 1970, 56 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 June 2023, Child Development Centers Inc reported income of $28.0m and spending of $28.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.1m to $28.0m (+131%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 123%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Child Development Centers Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Hope and Help Center of Central Florida Inc ($28.0m), College of the Atlantic ($28.0m) and Franciscan Missionaries of Our Lady University ($28.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $856k (3.0% of expenses). Other salaries and wages came to $16.8m. At year end it held assets of $25.9m against liabilities of $14.4m, net assets of $11.4m. It reported 529 employees.