Kiddie Korner Learning Center Inc
Kiddie Korner Learning Center Inc - Transparent Spending and Strong Mission Focus
EIN: 223119306 · Newark, NJ · NTEE: P33Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $246K |
| Total Expenses | $1.1M |
| Program Spending | 60% |
| Net Assets | $17K |
| Transparency Score | 87/100 |
Is Kiddie Korner Learning Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kiddie Korner Learning Center Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Kiddie Korner Learning Center Inc
Kiddie Korner Learning Center Inc (EIN: 223119306) is a nonprofit organization based in Newark, NJ, classified under NTEE code P33Z. The organization reported total revenue of $246K and total assets of $114K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kiddie Korner Learning Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kiddie Korner Learning Center Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-60,952 |
| Total Assets | $27K |
| Total Liabilities | $10K |
| Net Assets | $17K |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 38.3% |
| Months of Reserves | 0.3 months |
Financial Health Grade: C
In 2023, Kiddie Korner Learning Center Inc reported a deficit of $61K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 38.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kiddie Korner Learning Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.9% | +9.4% | -68.1% |
| 2022 | -11.3% | +10.5% | -53.6% |
| 2021 | -10.9% | -20.7% | -14.0% |
| 2020 | -0.6% | +5.0% | +136.6% |
| 2019 | +14.6% | +11.2% | +226.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kiddie Korner Learning Center Inc with a Mission Score of 87 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, Kiddie Korner Learning Center Inc allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 38.3%.
Executive Compensation Analysis
Executive compensation is aligned with the organization's mission, with no significant discrepancies noted.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kiddie Korner Learning Center Inc's IRS 990 filings:
- The organization has maintained consistent spending on programs over the years, indicating a strong focus on its mission.
Strengths
The following positive indicators were identified for Kiddie Korner Learning Center Inc:
- The organization has a clear and transparent spending model, with a significant portion dedicated to programs.
Frequently Asked Questions about Kiddie Korner Learning Center Inc
Is Kiddie Korner Learning Center Inc a legitimate charity?
Kiddie Korner Learning Center Inc (EIN: 223119306) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 87/100. It has 13 years of IRS 990 filings on record. Total revenue: $246K. 1 red flag identified. 1 strength noted. Financial health grade: C.
How does Kiddie Korner Learning Center Inc spend its money?
Kiddie Korner Learning Center Inc directs 60% of its spending to programs and services. Fundraising costs 15%. This falls below the 65% benchmark.
Are donations to Kiddie Korner Learning Center Inc tax-deductible?
Kiddie Korner Learning Center Inc is registered as a tax-exempt nonprofit (EIN: 223119306). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kiddie Korner Learning Center Inc's spending goes to programs?
Kiddie Korner Learning Center Inc directs 60% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Kiddie Korner Learning Center Inc compare to similar nonprofits?
With a transparency score of 87/100 (Excellent), Kiddie Korner Learning Center Inc is above average for NTEE category P33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kiddie Korner Learning Center Inc located?
Kiddie Korner Learning Center Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 223119306. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Kiddie Korner Learning Center Inc have?
Kiddie Korner Learning Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $246K in total revenue.
What does Kiddie Korner Learning Center Inc do?
Kiddie Korner Learning Center Inc is a nonprofit organization in the Human Services sector, located in Newark, New Jersey. It is classified under NTEE code P33Z.
How much revenue does Kiddie Korner Learning Center Inc have?
Kiddie Korner Learning Center Inc reported total revenue of $245,646. Based on 13 IRS 990 filings on record.
What are Kiddie Korner Learning Center Inc's total assets?
Kiddie Korner Learning Center Inc holds total assets of $113,729 as reported in IRS 990 filings.
Where is Kiddie Korner Learning Center Inc located?
Kiddie Korner Learning Center Inc is based in Newark, New Jersey.
What is Kiddie Korner Learning Center Inc's EIN?
Kiddie Korner Learning Center Inc's Employer Identification Number (EIN) is 223119306. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Kiddie Korner Learning Center Inc?
Kiddie Korner Learning Center Inc is classified under NTEE code P33Z (Human Services).
Is Kiddie Korner Learning Center Inc a registered 501(c)(3)?
Yes, Kiddie Korner Learning Center Inc is recognized as a tax-exempt organization by the IRS. EIN: 223119306.
Does Kiddie Korner Learning Center Inc file IRS Form 990?
Yes, Kiddie Korner Learning Center Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202307.
What was Kiddie Korner Learning Center Inc's revenue in 2023?
In the 202307 filing period, Kiddie Korner Learning Center Inc reported total revenue of $1,081,628, total expenses of $1,142,580, and net assets of $26,970.
Is Kiddie Korner Learning Center Inc's revenue growing or declining?
Kiddie Korner Learning Center Inc's revenue is growing. Revenue went from $941,657 (202207) to $1,081,628 (202307), a +14.9% change. Based on 13 filings on record.
What is Kiddie Korner Learning Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Kiddie Korner Learning Center Inc covers tax period 202307. It shows revenue of $1,081,628, expenses of $1,142,580, total assets of $26,970, and liabilities of $10,333.
How much does Kiddie Korner Learning Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Kiddie Korner Learning Center Inc allocates approximately 60% of expenses to program services, 25% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Kiddie Korner Learning Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Kiddie Korner Learning Center Inc appears trustworthy. Mission Score: 87/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Kiddie Korner Learning Center Inc?
The following concerns were identified: The organization has maintained consistent spending on programs over the years, indicating a strong focus on its mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Kiddie Korner Learning Center Inc's strengths?
Positive indicators for Kiddie Korner Learning Center Inc include: The organization has a clear and transparent spending model, with a significant portion dedicated to programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Kiddie Korner Learning Center Inc compensate executives?
Executive compensation is aligned with the organization's mission, with no significant discrepancies noted. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Kiddie Korner Learning Center allocate its funds?
Kiddie Korner Learning Center dedicates 60% of its funds to programs, 25% to administration, and 15% to fundraising. This allocation is consistent across multiple years, reflecting a strong commitment to its mission.
What is the organization's approach to executive compensation?
Executive compensation at Kiddie Korner Learning Center is aligned with the organization's mission, with no significant discrepancies noted. This ensures that leadership is appropriately compensated while maintaining a focus on the organization's core objectives.
Can you provide more details on the organization's spending on programs?
Kiddie Korner Learning Center consistently allocates a substantial portion of its budget to programs, which is crucial for its mission of providing educational services to children. This commitment is evident in the consistent program spending over the past few years.
Filing History
IRS 990 filing history for Kiddie Korner Learning Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kiddie Korner Learning Center Inc's revenue has declined by 28%, moving from $1.5M to $1.1M. Total assets decreased by 86% over the same period, from $192K to $27K. Total functional expenses fell by 23.5%, from $1.5M to $1.1M. In its most recent filing year (2023), Kiddie Korner Learning Center Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $10K in liabilities against $27K in assets (debt-to-asset ratio: 38.3%), resulting in net assets of $17K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $27K | $10K | — | View 990 |
| 2022 | $942K | $1.0M | $85K | $7K | — | View 990 |
| 2021 | $1.1M | $945K | $182K | $2K | — | View 990 |
| 2020 | $1.2M | $1.2M | $212K | $150K | — | View 990 |
| 2019 | $1.2M | $1.1M | $90K | $27K | — | View 990 |
| 2018 | $1.0M | $1.0M | $27K | $29K | — | View 990 |
| 2017 | $1.0M | $1.0M | $22K | $47K | — | View 990 |
| 2016 | $1.1M | $1.1M | $13K | $48K | — | View 990 |
| 2015 | $1.1M | $1.0M | $29K | $49K | — | View 990 |
| 2014 | $987K | $1.0M | $38K | $78K | — | View 990 |
| 2013 | $1.0M | $1.1M | $68K | $70K | — | View 990 |
| 2012 | $1.1M | $1.1M | $155K | $103K | — | View 990 |
| 2011 | $1.5M | $1.5M | $192K | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $27K (revenue +14.9% year-over-year).
- 2022: Revenue of $942K, expenses of $1.0M, and assets of $85K (revenue -11.3% year-over-year).
- 2021: Revenue of $1.1M, expenses of $945K, and assets of $182K (revenue -10.9% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $212K (revenue -0.6% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $90K (revenue +14.6% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.0M, and assets of $27K (revenue +2.0% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.0M, and assets of $22K (revenue -3.6% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $13K (revenue +0.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.0M, and assets of $29K (revenue +7.5% year-over-year).
- 2014: Revenue of $987K, expenses of $1.0M, and assets of $38K (revenue -2.8% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $68K (revenue -6.8% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $155K (revenue -27.4% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.5M, and assets of $192K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kiddie Korner Learning Center Inc:
Data Sources and Methodology
This transparency report for Kiddie Korner Learning Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.