Kinderplatz of Fine Arts Inc

Analysis

Kinderplatz of Fine Arts Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Kinderplatz of Fine Arts Inc reported income of $1.9m and spending of $1.8m, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.0m to $1.9m (-3.0%), an average of -0.7% a year. The sharpest change came in the year to August 2021, when income rose by 43%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kinderplatz of Fine Arts 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 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Boston Schools Fund Inc ($1.9m), Monument Academy Foundation ($1.9m) and Petawa Residence and Cultural Center Inc ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $118k (6.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.8m against liabilities of $156k, net assets of $3.7m. It reported 42 employees.