Childsavers-Memorial Child Guidance Clinic

Analysis

Childsavers-Memorial Child Guidance Clinic is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 1952, 74 years ago. 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, Childsavers-Memorial Child Guidance Clinic reported income of $10.2m and spending of $10.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $10.2m (+98%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 62%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childsavers-Memorial Child Guidance Clinic sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Msu Foundation Inc ($10.2m), East Arkansas Area Agency on Aging Inc ($10.2m) and Goodwill Industries of Mississippi Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $195k (1.9% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $3.7m against liabilities of $1.0m, net assets of $2.7m. It reported 102 employees.