Styles for Kidz NFP

Analysis

Styles for Kidz NFP is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Styles for Kidz NFP reported income of $431k and spending of $417k, spending 97% of its income. Across the 4 years on record, from October 2020 to October 2023, income grew from $215k to $431k (+100%), an average of +26% a year. The sharpest change came in the year to October 2023, when income rose by 35%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Styles for Kidz NFP sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Financial Executives Networking Group Inc ($431k), Georgia Association of School Business Officials Inc ($431k) and Virginia Highlands Small Business Incubator ($431k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 45% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $55k (13% of expenses). Other salaries and wages came to $197k. At year end it held assets of $54k against liabilities of $60k, net assets of -$6,126. It reported 4 employees.