Arts for Kids Inc

Analysis

Arts for Kids Inc is a registered charity in United States, based in West Orange, NJ. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Arts for Kids Inc reported income of $460k and spending of $399k, spending 87% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $231k to $460k (+99%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 79%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts for Kids Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Early Ford V-8 Foundation Inc ($460k), Women Wonder Writers ($460k) and River Raisin Watershed Council ($460k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $51k (13% of expenses). Other salaries and wages came to $76k. At year end it held assets of $151k against liabilities of $40k, net assets of $110k. It reported 5 employees.