The Childrens Center

Analysis

The Childrens Center is a registered charity in United States, based in Albert Lea, MN. It received its IRS tax-exemption ruling in October 1969, 57 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 August 2023, The Childrens Center reported income of $1.5m and spending of $1.6m, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.5m (+28%), an average of +6.3% a year. The sharpest change came in the year to August 2020, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Childrens Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Brooke County Committee on Aging Inc ($1.5m), India Network Foundation Inc ($1.5m) and Paducah Day Nursery Inc ($1.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.3m against liabilities of $114k, net assets of $1.2m. It reported 50 employees.