Kids Corps Inc

Analysis

Kids Corps Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in July 1992, 34 years ago. 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 June 2023, Kids Corps Inc reported income of $6.8m and spending of $6.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $6.8m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kids Corps Inc 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 94th percentile within AK. Charities of a similar size with the same main cause include E B C D C Inc ($6.8m), Prevention Links ($6.8m) and Gulf Coast Trades Center ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $223k (3.2% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $2.4m against liabilities of $1.3m, net assets of $1.1m. It reported 121 employees.