Toys for Kids

Analysis

Toys for Kids is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in December 2004, 22 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, Toys for Kids reported income of $977k and spending of $1.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $441k to $977k (+122%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 132%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Toys for Kids sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include No More Foundation Inc ($977k), Core Academy ($977k) and Friends in Need Food Shelf ($977k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $140k. At year end it held assets of $381k against liabilities of $14k, net assets of $367k. It reported 2 employees.