Lets Grow Kids Inc

Analysis

Lets Grow Kids Inc is a registered charity in United States, based in Middlebury, VT. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lets Grow Kids Inc reported income of $3.1m and spending of $6.3m, spending 204% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.4m to $3.1m (-67%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 111% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lets Grow Kids Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VT. Charities of a similar size with the same main cause include Solid Rock Foundation ($3.1m), Palm Beach County Sports Commission ($3.1m) and Big Buddy Program ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $797k (13% of expenses). Other salaries and wages came to $1.8m. It paid $10k in professional fundraising fees. At year end it held assets of $9.9m against liabilities of $284k, net assets of $9.6m. It reported 34 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.