Los Altos Mountain View Childrens Corner Inc

Analysis

Los Altos Mountain View Childrens Corner Inc is a registered charity in United States, based in Los Altos, CA. It received its IRS tax-exemption ruling in December 1978, 48 years ago. 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 2024, Los Altos Mountain View Childrens Corner Inc reported income of $1.9m and spending of $1.5m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.9m (+65%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Altos Mountain View Childrens Corner Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include FDRLST Media Foundation ($1.9m), Early Childhood Council of Hillsborough County Inc ($1.9m) and Heights Hill Mental Health Serivce ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 81% of the total. Compensation of current officers, directors and key employees was $136k (9.3% of expenses). Other salaries and wages came to $844k. At year end it held assets of $2.7m against liabilities of $104k, net assets of $2.6m. It reported 18 employees.