CHILDRENS PLACE ASSOCIATION
Mission Statement
Building a secure and hopeful today so children facing health issues and poverty succeed tomorrow is the mission and the promise of Children's Place Association. Children's Place transforms the lives of children in the very worst circumstances -- those confronting illness and extreme poverty. We help them overcome these interrelated challenges so they can lead their best lives. Programs include early education, around-the-clock nursing for medically-complex children, foster and adoptive care for abused and neglected children, supportive housing for formerly homeless families, mental health counseling, case management, out of school services, emergency assistance and more.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
85.8% | 85.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
14.1% | 11.4% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.1% | 0.4% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
-6.3 mo | 8.5 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
226.6% | 14.7% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
84.9% | 93.3% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
9.2% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
15.1% | 10.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
9.1% | 2.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $6.5M | $5.9M | $-3,081,570 | 85.8% | 76 |
| 2022 | $5.9M | $5.1M | $1.3M | 84.0% | 74 |
| 2021 | $6.0M | $5.9M | N/A | — | 85 |
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