Falls Church McLean Childrens Center

Analysis

Falls Church McLean Childrens Center is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in October 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Falls Church McLean Childrens Center reported income of $2.0m and spending of $1.5m, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.0m (+29%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Falls Church McLean Childrens Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Centralia Christian School ($2.0m), Epic-Every Person Influences Children Inc ($2.0m) and Alef Bet Montessori School Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $95k (6.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.0m against liabilities of $70k, net assets of $2.9m. It reported 35 employees.