Kids Korner Preschool & Daycare

Analysis

Kids Korner Preschool & Daycare is a registered charity in United States, based in Los Lunas, NM. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kids Korner Preschool & Daycare reported income of $1.1m and spending of $1.2m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $750k to $1.1m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kids Korner Preschool & Daycare sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NM. Charities of a similar size with the same main cause include Garrett Christian Academy Inc ($1.1m), South Carolina Junior Golf Foundation ($1.1m) and Neuromatch Academy Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $86k (7.1% of expenses). Other salaries and wages came to $406k. At year end it held assets of $874k against liabilities of $19k, net assets of $855k. It reported 20 employees.