Sealed with a Kid Inc

Analysis

Sealed with a Kid Inc is a registered charity in United States, based in Ida Grove, IA. It received its IRS tax-exemption ruling in August 1993, 33 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 June 2024, Sealed with a Kid Inc reported income of $308k and spending of $275k, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $204k to $308k (+51%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sealed with a Kid Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include Beaverton Resource Center ($308k), Growing Veterans ($308k) and Jeremiah 29 11 World Missions Inc ($308k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $34k (12% of expenses). Other salaries and wages came to $96k. At year end it held assets of $351k against liabilities of $106k, net assets of $245k. It reported 10 employees.