Kids Wish Network Inc

Analysis

Kids Wish Network Inc is a registered charity in United States, based in Palm Harbor, FL. It received its IRS tax-exemption ruling in January 1998, 28 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 May 2023, Kids Wish Network Inc reported income of $11.2m and spending of $11.0m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $19.6m to $11.2m (-43%), an average of -13% a year. The sharpest change came in the year to May 2020, when income dropped by 30%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kids Wish Network Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Bi-Bett ($11.2m), Woodstock Christian Life Services ($11.2m) and Daily Bread Ministries ($11.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $215k (2.0% of expenses). Other salaries and wages came to $306k. It paid $7.2m in professional fundraising fees. At year end it held assets of $4.1m against liabilities of $678k, net assets of $3.4m. It reported 22 employees.