Kool Kids Foundation

Analysis

Kool Kids Foundation is a registered charity in United States, based in West Orange, NJ. It received its IRS tax-exemption ruling in December 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kool Kids Foundation reported income of $67k and spending of $72k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $67k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kool Kids Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include United Chinese American Association ($67k), National Museum of Roller Skating ($67k) and Community Church of Eaton ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 240% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.