Global Kids Inc

Analysis

Global Kids Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Global Kids Inc reported income of $8.8m and spending of $9.4m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $8.8m (+38%), an average of +8.4% a year. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Global Kids Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Boys Club of New York Inc ($8.8m), Girl Scouts of Northeast Kansas and Northwest Missouri Inc ($8.8m) and The Life Link ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $636k (6.8% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $13.2m against liabilities of $10.2m, net assets of $3.0m. It reported 171 employees.