Quilts for Kids

Analysis

Quilts for Kids is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Quilts for Kids reported income of $118k and spending of $100k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $118k (+15%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Quilts for Kids sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within CO. Charities of a similar size with the same main cause include Baltimore Food Hub Inc ($118k), Long Island Toy Lending Center for Children with Disabilities Inc ($118k) and In His Hands Christian Day Care Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $139k against liabilities of $0, net assets of $139k.