Colorful Kidz Inc

Analysis

Colorful Kidz Inc is a registered charity in United States, based in Cotuit, MA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. 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, Colorful Kidz Inc reported income of $61k and spending of $48k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $61k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorful Kidz Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Little League Baseball Inc ($61k), Belle Zeller Scholarship Trust Fund ($61k) and The Scotch Plains Volunteer Fire Fighters Association ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $43k against liabilities of $44k, net assets of -$433.