Kidvantage

Analysis

Kidvantage is a registered charity in United States, based in Issaquah, WA. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kidvantage reported income of $8.5m and spending of $8.9m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $8.5m (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kidvantage sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Central Iowa Residential Services Inc ($8.5m), Quality Progressions ($8.5m) and Every Child Succeeds Inc ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $149k (1.7% of expenses). Other salaries and wages came to $798k. At year end it held assets of $4.0m against liabilities of $548k, net assets of $3.5m. It reported 21 employees.