True Kids 1

Analysis

True Kids 1 is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, True Kids 1 reported income of $506k and spending of $609k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $506k (+148%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 201%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, True Kids 1 sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NM. Charities of a similar size with the same main cause include E4 Youth Incorporated ($506k), BMC Community Outreach ($506k) and Community Fair Inc ($506k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $352k. At year end it held assets of $128k against liabilities of $153k, net assets of -$25k. It reported 8 employees.

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.