Kidz Dreamz Klub

Analysis

Kidz Dreamz Klub is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in August 2015, 11 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 2022, Kidz Dreamz Klub reported income of $304k and spending of $291k, spending 96% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $256k to $304k (+19%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kidz Dreamz Klub sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Yo Digo No Mas ($304k), Step Onward Foundation ($304k) and Princess Pocahontas Council of Laredo Texas Inc ($304k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 40% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $37k (13% of expenses). Other salaries and wages came to $107k. At year end it held assets of $316k against liabilities of $173k, net assets of $143k. It reported 15 employees.