Childrens Center Inc

Analysis

Childrens Center Inc is a registered charity in United States, based in Simsbury, CT. It received its IRS tax-exemption ruling in January 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Childrens Center Inc reported income of $421k and spending of $361k, spending 86% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $285k to $421k (+48%), an average of +14% a year. The sharpest change came in the year to July 2022, when income rose by 51%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Childrens Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Institute of Classical Architecture and Art Inc ($421k), Zinnia Montessori School Inc ($421k) and Belle Creek Education Center ($421k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 5.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $63k (17% of expenses). Other salaries and wages came to $189k. At year end it held assets of $755k against liabilities of $92k, net assets of $662k. It reported 17 employees.