Tracys Kids Inc

Analysis

Tracys Kids Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Tracys Kids Inc reported income of $316k and spending of $703k, spending 223% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $316k (-71%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tracys Kids Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Boulder Peptide Foundation ($316k), Freedom Farms Regeneration Inc ($316k) and Coatesville Center for Community Health ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $89k (13% of expenses). At year end it held assets of $929k against liabilities of $107k, net assets of $822k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.