Comicbooks for Kids

Analysis

Comicbooks for Kids is a registered charity in United States, based in St Charles, IL. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Comicbooks for Kids reported income of $82k and spending of $88k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $99k to $82k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Comicbooks for Kids sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Low Cost Community Counceling Center Inc ($82k), Dance with Todd Inc ($82k) and Eastern Maine Healthcare Systems ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $413k against liabilities of $0, net assets of $413k.