Center for Children Inc

Analysis

Center for Children Inc is a registered charity in United States, based in LA Plata, MD. It received its IRS tax-exemption ruling in August 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Center for Children Inc reported income of $6.5m and spending of $6.4m, spending 99% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $5.8m to $6.5m (+11%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Children 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 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Vermont Studio Center Inc ($6.5m), Operating Engineers Joint Apprenticeship Training Fund ($6.5m) and Egyptian Area Agency on Aging Inc ($6.5m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $114k (1.8% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $2.6m against liabilities of $1.1m, net assets of $1.5m. It reported 125 employees.