Iconos Kids Inc

Analysis

Iconos Kids Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iconos Kids Inc reported income of $324k and spending of $346k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $324k (+202%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 191%. Over the whole period it spent 140% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iconos Kids Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Latsky Dance Inc ($324k), NVLD Project Inc ($324k) and Library of American Landscape History Inc ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $228k, net assets of -$228k. It reported 28 employees.

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.