Kids World School Inc

Analysis

Kids World School Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Kids World School Inc reported income of $293k and spending of $315k, spending 107% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $524k to $293k (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kids World School Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include William Taylor Foundation ($293k), Friends of Literacy Inc ($293k) and Litcamp ($293k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $82k (26% of expenses). Other salaries and wages came to $107k. At year end it held assets of $7,280 against liabilities of $182k, net assets of -$175k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.