Kids Business Inc

Analysis

Kids Business Inc is a registered charity in United States, based in De Witt, IA. It received its IRS tax-exemption ruling in December 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 July 2023, Kids Business Inc reported income of $429k and spending of $466k, spending 109% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $461k to $429k (-7.0%), an average of -1.8% a year. The sharpest change came in the year to July 2022, when income rose by 25%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kids Business Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within IA. Charities of a similar size with the same main cause include Big Lake Community Food Shelf ($429k), Refugee Connections Spokane ($429k) and The Yum-O Organization Inc ($429k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $288k. At year end it held assets of $280k against liabilities of $84k, net assets of $196k. It reported 27 employees.