Kart 4 Kids Inc

Analysis

Kart 4 Kids Inc is a registered charity in United States, based in Gulfport, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Kart 4 Kids Inc reported income of $246k and spending of $354k, spending 144% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $229k to $246k (+7.4%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kart 4 Kids Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Truth Love & Counseling Corporation ($246k), Angel Fund Inc ($246k) and Womens Resource Clinic ($246k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 131% of the total. At year end it held assets of $49k against liabilities of $34k, net assets of $16k.