Kids Corner Child Care and Learning Center Inc

Analysis

Kids Corner Child Care and Learning Center Inc is a registered charity in United States, based in Winthrop, IA. It received its IRS tax-exemption ruling in December 2005, 21 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 Corner Child Care and Learning Center Inc reported income of $396k and spending of $461k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $396k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kids Corner Child Care and Learning Center Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within IA. Charities of a similar size with the same main cause include Gildas Preschool Academy Inc ($396k), Keter Shlomo Foundation Inc ($396k) and Rappahannock Benevolent Fund Inc ($396k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $40k (8.7% of expenses). Other salaries and wages came to $290k. At year end it held assets of $122k against liabilities of $3,783, net assets of $119k. It reported 27 employees.