Enrichthekids Inc

Analysis

Enrichthekids Inc is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in October 2008, 18 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 December 2023, Enrichthekids Inc reported income of $450k and spending of $549k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $346k to $450k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 98%. 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, Enrichthekids Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NM. Charities of a similar size with the same main cause include Menucha Incorporated ($450k), Destined for a Change Inc ($450k) and Seymour Osman Community Center and Youth Safe Haven ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $52k (9.4% of expenses). Other salaries and wages came to $337k. At year end it held assets of $279k against liabilities of $6,372, net assets of $272k. It reported 31 employees.