Cleats for Kids Foundation

Analysis

Cleats for Kids Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Cleats for Kids Foundation reported income of $1.8m and spending of $2.1m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.8m (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 143% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cleats for Kids Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within OK. Charities of a similar size with the same main cause include Camp Acorn Inc ($1.8m), Womens Center of Montgomery County ($1.8m) and Voces ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $79k (3.8% of expenses). Other salaries and wages came to $154k. At year end it held assets of $762k against liabilities of $171k, net assets of $592k. It reported 5 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.