Beds for Kids Inc

Analysis

Beds for Kids Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Beds for Kids Inc reported income of $3.1m and spending of $1.9m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.1m (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beds for Kids Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Empower Evergreen ($3.1m), Alleghany Highlands YMCA ($3.1m) and Dubuque Community Y ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $40k (2.1% of expenses). Other salaries and wages came to $503k. At year end it held assets of $2.5m against liabilities of $665k, net assets of $1.8m. It reported 13 employees.