Cans for Kids Inc

Analysis

Cans for Kids Inc is a registered charity in United States, based in Enfield, CT. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Cans for Kids Inc reported income of $84k and spending of $89k, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $72k to $84k (+17%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cans for Kids Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within CT. Charities of a similar size with the same main cause include Az-1 Inc ($84k), Project Thank a Cop ($84k) and Greg Lindmark Foundation ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,328 against liabilities of $1,549, net assets of $2,779.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.