Childrens Place Incorporated

Analysis

Childrens Place Incorporated is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in October 2022, 4 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, Childrens Place Incorporated reported income of $722k and spending of $686k, spending 95% of its income. Across the 5 years on record, from June 2018 to June 2023, income grew from $441k to $722k (+64%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Place Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within WV. Charities of a similar size with the same main cause include All Gods Children Daycare NP ($722k), Belknap House ($723k) and Scott County Family YMCA Inc ($722k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $58k (8.4% of expenses). Other salaries and wages came to $367k. At year end it held assets of $305k against liabilities of $14k, net assets of $292k. It reported 35 employees.