Kids Scoop News

Analysis

Kids Scoop News is a registered charity in United States, based in Sonoma, CA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Kids Scoop News reported income of $746k and spending of $639k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $219k to $746k (+241%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kids Scoop News 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 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Steffi Nossen Dance Foundation Inc ($746k), The Gloucester Adventure Inc ($746k) and The JXN Project ($746k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $61k (9.6% of expenses). Other salaries and wages came to $175k. At year end it held assets of $398k against liabilities of $106k, net assets of $291k. It reported 3 employees.