Kids in Need Foundation

Analysis

Kids in Need Foundation is a registered charity in United States, based in Little Canada, MN. It received its IRS tax-exemption ruling in September 2017, 9 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, Kids in Need Foundation reported income of $46.4m and spending of $75.4m, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $66.0m to $46.4m (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2021, when income rose by 181%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kids in Need Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Greens Farms Academy Inc ($46.4m), Union Theological Seminary ($46.6m) and Phalen Leadership Academies Indiana ($46.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $445k (0.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $19.5m against liabilities of $533k, net assets of $19.0m. It reported 42 employees.