Caring for Kids Inc

Analysis

Caring for Kids Inc is a registered charity in United States, based in Cuyahoga Falls, OH. It received its IRS tax-exemption ruling in January 1996, 30 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 June 2023, Caring for Kids Inc reported income of $6.6m and spending of $6.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $6.6m (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 20%. 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, Caring for Kids Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Lutheran Social Ministries of New Jersey ($6.6m), Gateway Center of Monterey County Inc ($6.6m) and Jewish Community Center of Akron ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $158k (2.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $2.7m against liabilities of $437k, net assets of $2.3m. It reported 75 employees.