Keys for Kids

Analysis

Keys for Kids is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in February 1945, 81 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Keys for Kids reported income of $2.6m and spending of $2.1m, spending 80% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $2.6m (+79%), an average of +16% a year. The sharpest change came in the year to September 2021, when income rose by 56%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Keys for Kids sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Conquistando Las Naciones Para Cristo ($2.6m), St Mark Coptic Orthodox Church ($2.6m) and Creation Ministries Internationalus Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $104k (5.0% of expenses). Other salaries and wages came to $741k. It paid $30k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $91k, net assets of $1.9m. It reported 25 employees.