Kidspace Childcare Center

Analysis

Kidspace Childcare Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 1995, 31 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 September 2023, Kidspace Childcare Center reported income of $2.2m and spending of $2.2m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.2m (+19%), an average of +4.3% a year. The sharpest change came in the year to September 2022, when income rose by 29%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kidspace Childcare Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Darts ($2.2m), Heartland Inc ($2.2m) and Alliance to End Hunger ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.0% and program service revenue 94% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.4m against liabilities of $278k, net assets of $1.1m. It reported 53 employees.