Kids Corner Day Care Center

Analysis

Kids Corner Day Care Center is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2003, 23 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, Kids Corner Day Care Center reported income of $1.8m and spending of $1.0m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kids Corner Day Care Center 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 85th percentile, and in the 65th percentile within DC. Charities of a similar size with the same main cause include Counseling for Change Inc ($1.8m), Vickery Meadow Learning Center ($1.8m) and Montessori School of Ojai ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $59k (5.6% of expenses). Other salaries and wages came to $539k. At year end it held assets of $1.0m against liabilities of $290k, net assets of $751k. It reported 20 employees.