Gifts for Kids Inc

Analysis

Gifts for Kids Inc is a registered charity in United States, based in Sharon, MA. It received its IRS tax-exemption ruling in October 2005, 21 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 January 2024, Gifts for Kids Inc reported income of $84k and spending of $75k, spending 89% of its income. Across the 4 years on record, from December 2020 to January 2024, income fell from $219k to $84k (-61%), an average of -27% a year. The sharpest change came in the year to January 2023, when income rose by 357%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gifts 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 40th percentile within MA. Charities of a similar size with the same main cause include Ohio Healthy Homes Network ($84k), The Community Law Enforcement Foundation of Morgan Hill Inc ($84k) and Cultivating Balance ($84k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.