Kid Start Incorporated

Analysis

Kid Start Incorporated is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in August 1985, 41 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 June 2023, Kid Start Incorporated reported income of $5.7m and spending of $5.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $5.7m (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kid Start Incorporated sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include York Street Project ($5.7m), Arc Michigan Inc ($5.7m) and Jewels of Charity Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $691k (13% of expenses). Other salaries and wages came to $773k. At year end it held assets of $2.9m against liabilities of $470k, net assets of $2.4m. It reported 38 employees.