Kidznotes

Analysis

Kidznotes is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 2009, 17 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 2023, Kidznotes reported income of $822k and spending of $794k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $650k to $822k (+27%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kidznotes sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Opera in the Heights ($822k), Berkshire Opera Festival ($823k) and Young Playwrights Theater Inc ($822k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 7.6% of the total. Other salaries and wages came to $589k. It paid $12k in professional fundraising fees. At year end it held assets of $427k against liabilities of $1,927, net assets of $425k. It reported 36 employees.