Childrens Center of Wayne County Inc

Analysis

Childrens Center of Wayne County Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 1950, 76 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 September 2023, Childrens Center of Wayne County Inc reported income of $20.1m and spending of $21.7m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $26.2m to $20.1m (-23%), an average of -6.4% a year. The sharpest change came in the year to September 2021, when income rose by 20%. 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 Center of Wayne County Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Penney Retirement Community Inc ($20.1m), Virginia Peninsula Foodbank ($20.1m) and Semcac Inc ($20.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $777k (3.6% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $18.5m against liabilities of $1.6m, net assets of $16.9m. It reported 256 employees.