Kidspirit Inc

Analysis

Kidspirit Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Kidspirit Inc reported income of $247k and spending of $286k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $247k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kidspirit Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Challenged Champions Equestrian Center Inc ($247k), Childrens Cooperative Playschool Inc ($247k) and Aerostar Avion Institute ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $30k (10% of expenses). Other salaries and wages came to $109k. At year end it held assets of $219k against liabilities of $7,278, net assets of $211k. It reported 4 employees.