Kids Orbit Inc

Analysis

Kids Orbit Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1997, 29 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 December 2022, Kids Orbit Inc reported income of $4.1m and spending of $3.0m, leaving 27% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.3m to $4.1m (+25%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kids Orbit Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Missionary Brothers of Charity Inc ($4.1m), Columbus Early Learning Centers ($4.1m) and San Francisco Lesbian Gay Freedom Day Parade & Celeb Committee Inc ($4.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 10% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $162k (5.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.3m against liabilities of $674k, net assets of $2.6m. It reported 220 employees.