The Childrens Place

Analysis

The Childrens Place is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, The Childrens Place reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $598k to $1.1m (+90%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Childrens Place sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within AK. Charities of a similar size with the same main cause include Voices for Children in Nebraska ($1.1m), Agape Ranch ($1.1m) and Paralyzed Veterans of America ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $108k (9.4% of expenses). Other salaries and wages came to $536k. At year end it held assets of $4.7m against liabilities of $138k, net assets of $4.5m. It reported 16 employees.