Petersburg Childrens Center Inc

Analysis

Petersburg Childrens Center Inc is a registered charity in United States, based in Petersburg, AK. It received its IRS tax-exemption ruling in August 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Petersburg Childrens Center Inc reported income of $580k and spending of $499k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $457k to $580k (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Petersburg Childrens Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within AK. Charities of a similar size with the same main cause include E a Resources Inc ($580k), Brewing Opportunities NFP ($580k) and Therapy Solutions Childrens Services Inc ($580k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $40k (8.1% of expenses). Other salaries and wages came to $290k. At year end it held assets of $528k against liabilities of $64k, net assets of $464k. It reported 22 employees.