Reston Childrens Center Inc

Analysis

Reston Childrens Center Inc is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in January 1973, 53 years ago. 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 August 2023, Reston Childrens Center Inc reported income of $4.4m and spending of $4.5m, spending 101% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $2.7m to $4.4m (+67%), an average of +18% a year. The sharpest change came in the year to August 2021, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reston Childrens Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Kings Schools of the Desert ($4.4m), Community Support Network ($4.4m) and Genetics Society of America Incorporated ($4.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $111k (2.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $2.9m against liabilities of $387k, net assets of $2.5m. It reported 99 employees.