Kids Korner Educare Centers Inc

Analysis

Kids Korner Educare Centers Inc is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in October 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 (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 Korner Educare Centers Inc reported income of $2.5m and spending of $2.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.5m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 26%. 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, Kids Korner Educare Centers Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Disability Network Southwest Michigan ($2.5m), Akron Community Service Center & Urban League ($2.5m) and Ride on L a ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $187k (7.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.0m against liabilities of $558k, net assets of $1.4m. It reported 98 employees.