Classics for Kids Inc

Analysis

Classics for Kids Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Classics for Kids Inc reported income of $589k and spending of $428k, leaving 27% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $399k to $589k (+48%), an average of +10% a year. The sharpest change came in the year to August 2023, when income rose by 69%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Classics for Kids Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Wildwood Park for the Arts Inc ($589k), Friends of the Mansion Inc ($589k) and Waco Civic Theatre ($589k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $79k (18% of expenses). Other salaries and wages came to $109k. At year end it held assets of $397k against liabilities of $4,570, net assets of $393k. It reported 14 employees.