Prepare Kids for Life

Analysis

Prepare Kids for Life is a registered charity in United States, based in Port Hueneme, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Prepare Kids for Life reported income of $81k and spending of $62k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $81k (-4.4%), an average of -4.4% a year. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Prepare Kids for Life sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Vermont Medical Society Education and Research Foundation ($81k), Marine Industries Association of Collier County Foundation Inc ($81k) and Jackson County Health Foundation ($81k).

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 $80k against liabilities of $0, net assets of $80k.