Baking Memories 4 Kids Inc

Analysis

Baking Memories 4 Kids Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in August 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, Baking Memories 4 Kids Inc reported income of $533k and spending of $425k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $788k to $533k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Baking Memories 4 Kids Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include MCC Material Resource Center of Harleysville ($533k), Southwest Area Neighborhood Association ($533k) and Project Heal Inc ($532k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (24% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.