Reginald S Lourie Center for Infants and Young Children

Analysis

Reginald S Lourie Center for Infants and Young Children is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in June 1982, 44 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, Reginald S Lourie Center for Infants and Young Children reported income of $16.6m and spending of $17.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.1m to $16.6m (-3.3%), an average of -0.8% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reginald S Lourie Center for Infants and Young Children sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include The Campaign Against Hunger Inc ($16.6m), Quality Childrens Services ($16.6m) and Providence House Inc ($16.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $175k (1.0% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $6.1m against liabilities of $5.4m, net assets of $672k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.