Childrens Place Association

Analysis

Childrens Place Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Childrens Place Association reported income of $6.5m and spending of $5.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.8m to $6.5m (-4.5%), an average of -1.2% a year. 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 Association sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Rhode Island Rescue Ministries ($6.5m), Sierra Nevada Childrens Services ($6.5m) and Sister Carmen Community Center Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $337k (5.7% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $2.4m against liabilities of $5.5m, net assets of -$3.1m. It reported 76 employees.