Kids on Point Inc

Analysis

Kids on Point Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2022, Kids on Point Inc reported income of $1.1m and spending of $875k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to August 2022, income grew from $441k to $1.1m (+150%), an average of +26% a year. The sharpest change came in the year to August 2020, when income rose by 2815%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kids on Point Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Shrub Oak Athletic Club Inc ($1.1m), JSG Amateur Sports Corporation ($1.1m) and Sarpy County Agricultural Society Inc ($1.1m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $95k (11% of expenses). At year end it held assets of $966k against liabilities of $0, net assets of $966k. It reported 22 employees.