Comet Kids Childcare

Analysis

Comet Kids Childcare is a registered charity in United States, based in Underwood, ND. It received its IRS tax-exemption ruling in September 2006, 20 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, Comet Kids Childcare reported income of $105k and spending of $84k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $105k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Comet Kids Childcare sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 29th percentile within ND. Charities of a similar size with the same main cause include Golden Rays Senior Citizens of Sierra County Inc ($105k), Regency Cares ($105k) and Jonas Brothers Change for the Children Foundation ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 81% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.