SJB Child Development Centers

Analysis

SJB Child Development Centers is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in October 1971, 55 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 June 2023, SJB Child Development Centers reported income of $21.9m and spending of $19.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.5m to $21.9m (+132%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, SJB Child Development Centers sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Clifford W Beers Guidance Clinic Incorporated ($21.9m), St Josephs Rehabilitation Center Inc ($21.9m) and Katherine Delmar Burke School ($21.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $336k (1.7% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $9.5m against liabilities of $4.2m, net assets of $5.3m. It reported 270 employees.