Kids Ark Development Center Inc

Analysis

Kids Ark Development Center Inc is a registered charity in United States, based in Altamonte SPG, FL. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kids Ark Development Center Inc reported income of $747k and spending of $666k, spending 89% of its income. Across the 5 years on record, from June 2018 to June 2023, income grew from $490k to $747k (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kids Ark Development Center Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Heartstrings Unlimited Inc ($747k), Conejo Schools Foundation ($747k) and Margarita Muniz Academy Foundation Inc ($747k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (5.0% of expenses). At year end it held assets of $398k against liabilities of $5,487, net assets of $392k. It reported 28 employees.