Child Development Resources Inc

Analysis

Child Development Resources Inc is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in May 1973, 53 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 2023, Child Development Resources Inc reported income of $11.7m and spending of $11.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.2m to $11.7m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Child Development Resources Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Latinos for Education Inc ($11.7m), University of Chattanooga Foundation Inc ($11.7m) and Georgia Southern University Foundation Inc ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $167k (1.5% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $11.6m against liabilities of $496k, net assets of $11.1m. It reported 126 employees.