Kids Korner Day Care Center Inc

Analysis

Kids Korner Day Care Center Inc is a registered charity in United States, based in Clarion, IA. It received its IRS tax-exemption ruling in December 1983, 43 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kids Korner Day Care Center Inc reported income of $470k and spending of $537k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $470k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kids Korner Day Care Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within IA. Charities of a similar size with the same main cause include Haskell County Ambulance Service Inc ($470k), Brody Foundation Inc ($470k) and Eagle Ops Foundation ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $40k (7.5% of expenses). Other salaries and wages came to $290k. At year end it held assets of $398k against liabilities of $3,584, net assets of $394k. It reported 35 employees.