The Kids of Summer Foundation Inc

Analysis

The Kids of Summer Foundation Inc is a registered charity in United States, based in Winsted, CT. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, The Kids of Summer Foundation Inc reported income of $777k and spending of $44k, leaving 94% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $81k to $777k (+855%), an average of +855% a year. The sharpest change came in the year to December 2022, when income rose by 855%. Over the whole period it spent 11% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Kids of Summer Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include The Fit Kids Foundation Inc ($776k), Girls on the Run of Northwest Indiana Inc ($777k) and Day 1 Bags ($775k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. At year end it held assets of $786k against liabilities of $0, net assets of $786k.