Childrens Institute Parent Company

Analysis

Childrens Institute Parent Company is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Childrens Institute Parent Company reported income of $9.1m and spending of $11.3m, spending 124% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $4.3m to $9.1m (+109%), an average of +109% a year. The sharpest change came in the year to June 2023, when income rose by 109%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Childrens Institute Parent Company sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Colorado Springs Christian Schools ($9.1m), Health Education Foundation of Eastern North Carolina Inc ($9.1m) and Associated Students of San Francisco State College ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.1m (9.7% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $25.2m against liabilities of $21.6m, net assets of $3.5m. It reported 58 employees.