Kids Corner Inc

Analysis

Kids Corner Inc is a registered charity in United States, based in Bar Harbor, ME. It received its IRS tax-exemption ruling in October 2014, 12 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 December 2023, Kids Corner Inc reported income of $448k and spending of $490k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $486k to $448k (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kids Corner Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within ME. Charities of a similar size with the same main cause include Community Kitchen of North Iowa ($448k), Second Wind Foundation ($449k) and Beuncommon Inc ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Other salaries and wages came to $397k. At year end it held assets of $29k against liabilities of $1,014, net assets of $28k. It reported 14 employees.