Child Welfare Innovation Inc

Analysis

Child Welfare Innovation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2018, 8 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 December 2023, Child Welfare Innovation Inc reported income of $7.5m and spending of $3.7m, leaving 51% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $7.9m to $7.5m (-5.1%), an average of -1.7% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Child Welfare Innovation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Resident Advancement Inc ($7.5m), Young Mens Christian Association of Northwest Florida Inc ($7.5m) and Council on Aging-Southern California Inc ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $587k (16% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.0m against liabilities of $107k, net assets of $7.8m. It reported 22 employees.