Childrens Place Inc

Analysis

Childrens Place Inc is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in June 1963, 63 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 December 2022, Childrens Place Inc reported income of $4.5m and spending of $3.1m, leaving 30% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.4m to $4.5m (+86%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Place 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 94th percentile within SC. Charities of a similar size with the same main cause include Thacher Montessori School Inc ($4.5m), Ech Housing Inc ($4.5m) and United States Justice Foundation ($4.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $64k (2.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.8m against liabilities of $281k, net assets of $5.5m. It reported 72 employees.