Kids Inc of Amarillo Texas

Analysis

Kids Inc of Amarillo Texas is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in December 1965, 61 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Inc of Amarillo Texas reported income of $4.7m and spending of $2.2m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $4.7m (+218%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 863%. Over the whole period it spent 33% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kids Inc of Amarillo Texas sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Nathan Benderson Park Conservancy Inc ($4.7m), International Surfing Association Inc ($4.7m) and Carlsbad United FC ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $124k (5.5% of expenses). Other salaries and wages came to $816k. At year end it held assets of $21.1m against liabilities of $193k, net assets of $20.9m. It reported 29 employees.