Classics for Kids Foundation

Analysis

Classics for Kids Foundation is a registered charity in United States, based in Holliston, MA. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Classics for Kids Foundation reported income of $85k and spending of $99k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $176k to $85k (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 145% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Classics for Kids Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Adams Music Boosters ($85k), Southern Pine Electric Trust Inc ($85k) and Technology Institute for Music Educators ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $172k against liabilities of $0, net assets of $172k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.