Kidsenses Inc

Analysis

Kidsenses Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Kidsenses Inc reported income of $736k and spending of $530k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $757k to $736k (-2.8%), an average of -0.7% a year. The sharpest change came in the year to June 2021, when income rose by 156%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kidsenses Inc 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 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Cornwell Research Group ($736k), Hickory Community Theatre Inc ($736k) and Triton Museum of Art ($736k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $289k. At year end it held assets of $2.9m against liabilities of $692k, net assets of $2.2m. It reported 23 employees.