Children in Need Inc

Analysis

Children in Need Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in October 1999, 27 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 June 2023, Children in Need Inc reported income of $306k and spending of $196k, leaving 36% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $243k to $306k (+26%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Children in Need Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Faith & Grief Ministries Inc ($306k), Iredell Christian Ministries Inc ($306k) and Hitching Post Ministries ($306k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $67k (34% of expenses). At year end it held assets of $473k against liabilities of $7,852, net assets of $465k. It reported 1 employees.