Kids Corner Inc
Kids Corner Inc maintains stable operations with fluctuating net assets and no reported officer compensation.
EIN: 10441975 · Bar Harbor, ME · NTEE: P33 · Updated: 2026-03-28
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.
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.
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
Is Kids Corner Inc a good charity?
Based on the available data, Kids Corner Inc appears to be a well-established charity with a long history of operations and no reported officer compensation. While it has experienced periods where expenses exceeded revenue, its overall financial stability and consistent filing of IRS 990s suggest a commitment to its mission and transparency.
How has Kids Corner Inc's financial health changed over time?
Kids Corner Inc's financial health has shown some fluctuations. For example, assets decreased from $105,329 in 2021 to $28,631 in 2023, and expenses exceeded revenue in 2023 and 2022. However, the organization has consistently maintained positive assets and a long operational history, indicating resilience.
What is the trend in Kids Corner Inc's revenue?
Kids Corner Inc's revenue has generally fluctuated between $375,045 and $542,416 over the past decade, with the latest reported revenue at $448,373 in 2023. There isn't a clear upward or downward trend, but rather consistent activity within this range.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $448K | $490K | $29K | $1K | — | — |
| 2022 | $430K | $464K | $58K | $0 | — | View 990 |
| 2021 | $542K | $451K | $105K | $0 | — | View 990 |
| 2020 | $375K | $430K | $88K | $70K | — | — |
| 2019 | $486K | $467K | $87K | $0 | — | View 990 |
| 2018 | $483K | $517K | $79K | $5K | — | View 990 |
| 2017 | $494K | $483K | $115K | $0 | — | View 990 |
| 2016 | $469K | $461K | $112K | $0 | — | View 990 |
| 2015 | $461K | $473K | $109K | $0 | — | View 990 |
| 2014 | $433K | $440K | $121K | $0 | — | View 990 |
| 2013 | $425K | $435K | $128K | $0 | — | View 990 |
| 2013 | $452K | $433K | $146K | $0 | — | View 990 |
| 2012 | $459K | $429K | $138K | $0 | — | View 990 |
| 2011 | $418K | $418K | $108K | $0 | — | View 990 |
| 2010 | $406K | $402K | $111K | $0 | — | View 990 |
| 2009 | $393K | $387K | $107K | $0 | — | View 990 |
| 2008 | $419K | $385K | $101K | $0 | — | View 990 |
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.
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.