Kars 4 Kids Inc

Analysis

Kars 4 Kids Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kars 4 Kids Inc reported income of $89.1m and spending of $86.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $62.9m to $89.1m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kars 4 Kids Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include The Brunson Foundation ($88.5m), J Howard Pew Freedom TR ($89.1m) and Christian Community Foundation of Memphis and the Mid-South Inc ($88.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% of the total. Compensation of current officers, directors and key employees was $300k (0.3% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $35.8m against liabilities of $4.3m, net assets of $31.4m. It reported 69 employees.