Kids-R-It Incorporated

Analysis

Kids-R-It Incorporated is a registered charity in United States, based in Worthington, MN. It received its IRS tax-exemption ruling in June 2000, 26 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-R-It Incorporated reported income of $875k and spending of $800k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $749k to $875k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kids-R-It Incorporated sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Ignite Adaptive Sports ($875k), Emmas Legacy ($875k) and Bring Magic to Kids in Hospitals ($875k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Other salaries and wages came to $579k. At year end it held assets of $1.8m against liabilities of $132k, net assets of $1.7m. It reported 40 employees.