Kid Net Foundation

Analysis

Kid Net Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Kid Net Foundation reported income of $4.0m and spending of $4.9m, spending 122% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.4m to $4.0m (-9.5%), an average of -2.5% a year. The sharpest change came in the year to August 2023, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kid Net Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include This Works Inc ($4.0m), Valley Program for Aging Services Inc ($4.0m) and Hope Center Incorporated ($4.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $224k (4.6% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $10.7m against liabilities of $1.1m, net assets of $9.6m. It reported 61 employees.