Kids Corner Inc

Analysis

Kids Corner Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kids Corner Inc reported income of $729k and spending of $809k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $512k to $729k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kids Corner Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Chicago Jazz Philharmonic ($729k), Smith Students Aid Society Inc ($729k) and Tri Valley Ambulance Service Inc ($728k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $219k (27% of expenses). Other salaries and wages came to $207k. At year end it held assets of $168k against liabilities of $241k, net assets of -$72k. It reported 19 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.