Hagerstown Childrens School Association Inc

Analysis

Hagerstown Childrens School Association Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in July 1999, 27 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 June 2024, Hagerstown Childrens School Association Inc reported income of $723k and spending of $770k, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $690k to $723k (+4.8%), an average of +0.9% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hagerstown Childrens School Association Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Educators for Student Success Association Inc ($723k), Kiddie Kingdom Inc ($723k) and Silver Oaks Cooperative School Inc ($723k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.8% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $70k (9.1% of expenses). Other salaries and wages came to $419k. At year end it held assets of $388k against liabilities of $289k, net assets of $98k. It reported 18 employees.