Kidsource Inc
Kidsource Inc. reports minimal expenses and no officer compensation, but revenue figures show inconsistencies.
EIN: 200491049 · Benton, AR · NTEE: P30 · Updated: 2026-03-28
Is Kidsource Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kidsource Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kidsource Inc
Kidsource Inc (EIN: 200491049) is a nonprofit organization based in Benton, AR, classified under NTEE code P30. The organization reported total revenue of $602K and total assets of $73K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kidsource Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kidsource Inc is a small nonprofit that has been operating for 22 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -99.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $596 |
| Total Expenses | $49K |
| Surplus / Deficit | $-48,762 |
| Total Assets | $75K |
| Net Assets | $75K |
| Operating Margin | -8181.5% |
| Months of Reserves | 18.2 months |
Financial Health Grade: B
In 2023, Kidsource Inc reported a deficit of $49K with expenses exceeding revenue, holds 18.2 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Kidsource Inc's revenue has declined at a compound annual growth rate (CAGR) of -99.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.3% | +669.8% | -39.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Kidsource 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Kidsource Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $49K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% in both available filings, indicating a volunteer-led organization or one where leadership compensation is not a significant financial factor, which is positive for donor confidence.
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 Kidsource Inc's IRS 990 filings:
- Significant discrepancy between reported revenue and expenses in 202306 filing ($596 revenue vs. $49,358 expenses)
- Fluctuating asset base without clear explanation in provided data
Strengths
The following positive indicators were identified for Kidsource Inc:
- Zero reported officer compensation, indicating volunteer leadership or highly efficient executive structure
- Zero reported liabilities in both periods, suggesting strong financial solvency
- Very low administrative and fundraising expenses relative to program focus (in periods where revenue exceeds expenses)
- Strong program spending efficiency based on the low expense ratios in 202206
Frequently Asked Questions about Kidsource Inc
Is Kidsource Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kidsource Inc (EIN: 200491049) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Kidsource Inc spend its money?
Kidsource Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kidsource Inc tax-deductible?
Kidsource Inc is registered as a tax-exempt nonprofit (EIN: 200491049). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kidsource Inc. a good charity?
Based on the available data, Kidsource Inc. appears to be a very program-focused charity with extremely low overhead and no reported officer compensation. This suggests a high efficiency in directing funds towards its mission. However, the significant discrepancy between reported revenue and expenses in the 202306 filing ($596 revenue vs. $49,358 expenses) raises questions about the completeness or accuracy of the financial reporting, which would need clarification for a definitive assessment.
Why are expenses so low compared to revenue?
In the 202206 period, expenses ($6,412) were significantly lower than revenue ($86,218), suggesting a large portion of revenue was retained or invested. In the 202306 period, reported expenses ($49,358) actually exceeded reported revenue ($596) by a substantial margin. This could indicate that the organization is drawing from prior reserves, or there might be an error or specific accounting treatment in the revenue reporting for that period that requires further context.
What caused the decrease in assets from 2022 to 2023?
Assets decreased from $123,762 in 202206 to $75,000 in 202306. This reduction of approximately $48,762 could be due to the organization utilizing its assets to fund programs, cover operational costs (especially if the 202306 revenue figure is accurate and expenses were higher), or invest in non-asset-based activities.
Filing History
IRS 990 filing history for Kidsource Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Kidsource Inc's revenue has declined by 99.3%, moving from $86K to $596. Total assets decreased by 39.4% over the same period, from $124K to $75K. Total functional expenses rose by 669.8%, from $6K to $49K. In its most recent filing year (2023), Kidsource Inc reported a deficit of $49K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $596 | $49K | $75K | $0 | — | View 990 |
| 2022 | $86K | $6K | $124K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kidsource Inc:
Data Sources and Methodology
This transparency report for Kidsource 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.