Washburn Center for Children

Analysis

Washburn Center for Children is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1949, 77 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Washburn Center for Children reported income of $22.6m and spending of $23.7m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.4m to $22.6m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Washburn Center for Children sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include On Lok Inc HCSR ($22.6m), Columbia Community Mental Health ($22.6m) and The Southeastern Council on Alcoholism and Drug Dependence Inc ($22.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $775k (3.3% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $31.9m against liabilities of $1.7m, net assets of $30.2m. It reported 312 employees.