Kwon Family Childcare

Analysis

Kwon Family Childcare is a registered charity in United States, based in Buena Park, CA. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kwon Family Childcare reported income of $178k and spending of $205k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $178k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kwon Family Childcare sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include West Michigan Veterans Assistance Program ($178k), Hospice House of Shiawassee County ($178k) and Princeton Twice New Clothing and Treasures ($178k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2,002 against liabilities of $51k, net assets of -$49k.