Quilts for Kids Inc

Analysis

Quilts for Kids Inc is a registered charity in United States, based in Fairless HLS, PA. It received its IRS tax-exemption ruling in January 2001, 25 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, Quilts for Kids Inc reported income of $502k and spending of $307k, leaving 39% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $293k to $502k (+72%), an average of +14% a year. The sharpest change came in the year to January 2024, when income rose by 80%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Quilts for Kids Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Sin Barreras Without Barriers Inc ($502k), Four Corners Foundation Inc ($502k) and Life Story Club ($502k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $39k (13% of expenses). Other salaries and wages came to $93k. At year end it held assets of $635k against liabilities of $43k, net assets of $592k.