KS Precious Care Learning Center Inc

Analysis

KS Precious Care Learning Center Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in December 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 (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, KS Precious Care Learning Center Inc reported income of $589k and spending of $632k, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $351k to $589k (+68%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, KS Precious Care Learning Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Meade Association for Remarkable Citizens Inc ($588k), Hearts & Minds Inc ($589k) and Metropolitan Multicultural School ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $310k (49% of expenses). At year end it held assets of $132k against liabilities of $130k, net assets of $1,768.