Kiddy Karousel Day Care Center

Analysis

Kiddy Karousel Day Care Center is a registered charity in United States, based in Hibbing, MN. It received its IRS tax-exemption ruling in February 1975, 51 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 December 2023, Kiddy Karousel Day Care Center reported income of $1.3m and spending of $1.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $947k to $1.3m (+37%), an average of +8.2% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kiddy Karousel Day Care Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Hai Global ($1.3m), Latino Organization of the Southwest ($1.3m) and St Josephs Social Care and Thrift Store ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $910k. At year end it held assets of $142k against liabilities of $0, net assets of $142k. It reported 57 employees.