Kidsclothes Inc

Analysis

Kidsclothes Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kidsclothes Inc reported income of $84k and spending of $339k, spending 404% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $264k to $84k (-68%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 128% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kidsclothes Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within KY. Charities of a similar size with the same main cause include Lake Region Electric Cooperative Foundation Inc ($84k), Stanley Clemans Fund Uw Melvin G Sperry ($84k) and General Federation of Womens Clubs ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 32% of the total. At year end it held assets of $322k against liabilities of $0, net assets of $322k.