Kids Corner Inc

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Kids Corner Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Kids Corner Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Kids Corner Inc in one place.

Is Kids Corner Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Kids Corner Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Kids Corner Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Kids Corner Inc

Kids Corner Inc (EIN: 10441975) is a nonprofit organization based in Bar Harbor, ME, classified under NTEE code P33. The organization reported total revenue of $535K and total assets of $67K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kids Corner Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Kids Corner Inc is a small nonprofit that has been operating for 12 years, with 17 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 0.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Kids Corner Inc reported a deficit of $42K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 3.5% (very low leverage).

Financial Trends

Over 17 years of filings (2008–2023), Kids Corner Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.

IRS Tax-Exempt Classification

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 Kids Corner Inc with a Mission Score of 85 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: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Kids Corner Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $42K, with expenses exceeding revenue.
• Debt-to-asset ratio: 3.5%.

Executive Compensation Analysis

Kids Corner Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is a strong positive for donor perception regarding executive pay relative to the organization's size.

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 Kids Corner Inc's IRS 990 filings:

• Expenses exceeded revenue in recent years (2023 and 2022), leading to a decrease in net assets.
• Significant decrease in assets from $105,329 in 2021 to $28,631 in 2023.

Strengths

The following positive indicators were identified for Kids Corner Inc:

• Consistent operation and IRS 990 filings over 17 periods, demonstrating transparency and longevity.
• 0% officer compensation reported across all available filings, indicating efficient use of funds for leadership.
• Maintains positive assets despite periods of deficit spending.
• Stable revenue generation over many years, typically in the $400k-$500k range.

Frequently Asked Questions about Kids Corner Inc

Filing History

IRS 990 filing history for Kids Corner Inc showing financial trends over 17 years of public records:

Over 17 years of IRS 990 filings (2008–2023), Kids Corner Inc's revenue has grown by 7%, moving from $419K to $448K. Total assets decreased by 71.5% over the same period, from $101K to $29K. Total functional expenses rose by 27.3%, from $385K to $490K. In its most recent filing year (2023), Kids Corner Inc reported a deficit of $42K, with expenses exceeding revenue. The organization holds $1K in liabilities against $29K in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $28K.

Year-by-Year Financial Summary

• 2023: Revenue of $448K, expenses of $490K, and assets of $29K (revenue +4.2% year-over-year).
• 2022: Revenue of $430K, expenses of $464K, and assets of $58K (revenue -20.6% year-over-year).
• 2021: Revenue of $542K, expenses of $451K, and assets of $105K (revenue +44.6% year-over-year).
• 2020: Revenue of $375K, expenses of $430K, and assets of $88K (revenue -22.9% year-over-year).
• 2019: Revenue of $486K, expenses of $467K, and assets of $87K (revenue +0.7% year-over-year).
• 2018: Revenue of $483K, expenses of $517K, and assets of $79K (revenue -2.3% year-over-year).
• 2017: Revenue of $494K, expenses of $483K, and assets of $115K (revenue +5.4% year-over-year).
• 2016: Revenue of $469K, expenses of $461K, and assets of $112K (revenue +1.6% year-over-year).
• 2015: Revenue of $461K, expenses of $473K, and assets of $109K (revenue +6.7% year-over-year).
• 2014: Revenue of $433K, expenses of $440K, and assets of $121K (revenue +1.8% year-over-year).
• 2013: Revenue of $425K, expenses of $435K, and assets of $128K (revenue -5.9% year-over-year).
• 2013: Revenue of $452K, expenses of $433K, and assets of $146K (revenue -1.6% year-over-year).
• 2012: Revenue of $459K, expenses of $429K, and assets of $138K (revenue +9.9% year-over-year).
• 2011: Revenue of $418K, expenses of $418K, and assets of $108K (revenue +3.0% year-over-year).
• 2010: Revenue of $406K, expenses of $402K, and assets of $111K (revenue +3.1% year-over-year).
• 2009: Revenue of $393K, expenses of $387K, and assets of $107K (revenue -6.1% year-over-year).
• 2008: Revenue of $419K, expenses of $385K, and assets of $101K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Kids Corner Inc:

Data Sources and Methodology

This transparency report for Kids Corner 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.