Cu Kids at Heart Inc

Analysis

Cu Kids at Heart Inc is a registered charity in United States, based in Burlington, MA. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Cu Kids at Heart Inc reported income of $352k and spending of $383k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $453k to $352k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cu Kids at Heart Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Star and Crescent Foundation of Louisiana Inc ($352k), Covantage Cares Foundation Inc ($353k) and Advocate Foundation Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $216k against liabilities of $4,000, net assets of $212k.

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.