Kidspeak Inc
Kidspeak Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 202950503 · Rocky Mount, NC · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $275K |
| Total Expenses | $101K |
| Program Spending | 85% |
| Net Assets | $248K |
| Transparency Score | 90/100 |
Is Kidspeak Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kidspeak Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kidspeak Inc
Kidspeak Inc (EIN: 202950503) is a nonprofit organization based in Rocky Mount, NC, classified under NTEE code O50. The organization reported total revenue of $275K and total assets of $346K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kidspeak Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kidspeak Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $101K |
| Surplus / Deficit | +$70K |
| Total Assets | $275K |
| Total Liabilities | $27K |
| Net Assets | $248K |
| Operating Margin | 41.1% |
| Debt-to-Asset Ratio | 9.7% |
| Months of Reserves | 32.8 months |
Financial Health Grade: A
In 2023, Kidspeak Inc reported a surplus of $70K with revenue exceeding expenses, holds 32.8 months of operating reserves (strong position), has a debt-to-asset ratio of 9.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kidspeak Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.6% | -14.9% | +34.7% |
| 2022 | -6.2% | +34.2% | +2.5% |
| 2021 | +18.2% | +7.0% | +30.6% |
| 2020 | -16.9% | -8.0% | +19.1% |
| 2019 | +23.0% | +1.0% | +62.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Kidspeak Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Kidspeak Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $70K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.7%.
Executive Compensation Analysis
Kidspeak Inc reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is highly favorable for a nonprofit of its 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.
Strengths
The following positive indicators were identified for Kidspeak Inc:
- Consistent revenue growth (e.g., $91,981 in 2014 to $170,775 in 2023).
- Significant asset accumulation (e.g., $70,606 in 2014 to $274,914 in 2023).
- No reported officer compensation across all filings.
- Expenses consistently lower than revenues, indicating financial prudence.
- Low liabilities relative to assets (e.g., $26,800 liabilities vs. $274,914 assets in 2023).
Frequently Asked Questions about Kidspeak Inc
Is Kidspeak Inc a legitimate charity?
Kidspeak Inc (EIN: 202950503) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $275K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Kidspeak Inc spend its money?
Kidspeak Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kidspeak Inc tax-deductible?
Kidspeak Inc is registered as a tax-exempt nonprofit (EIN: 202950503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kidspeak Inc's spending goes to programs?
Kidspeak Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kidspeak Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Kidspeak Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kidspeak Inc located?
Kidspeak Inc is headquartered in Rocky Mount, North Carolina and files with the IRS under EIN 202950503. It is classified under NTEE code O50.
How many years of IRS 990 filings does Kidspeak Inc have?
Kidspeak 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 $275K in total revenue.
Is Kidspeak Inc a good charity?
Based on its financial data, Kidspeak Inc appears to be a well-managed charity. It consistently generates surpluses, grows its assets, and reports no officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has Kidspeak Inc's financial health changed over time?
Kidspeak Inc has shown significant financial improvement over the past decade. Its revenue has grown from $91,981 in 2014 to $170,775 in 2023, and assets have increased from $70,606 to $274,914 in the same period, indicating robust growth and stability.
What is Kidspeak Inc's approach to executive compensation?
Kidspeak Inc reports 0% officer compensation in all available IRS 990 filings, suggesting a highly volunteer-driven leadership or very modest compensation that falls below reporting requirements, which is a positive indicator of resource allocation to programs.
Filing History
IRS 990 filing history for Kidspeak Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kidspeak Inc's revenue has grown by 200.9%, moving from $57K to $171K. Total assets increased by 2543.4% over the same period, from $10K to $275K. Total functional expenses rose by 83.9%, from $55K to $101K. In its most recent filing year (2023), Kidspeak Inc reported a surplus of $70K, with revenue exceeding expenses. The organization holds $27K in liabilities against $275K in assets (debt-to-asset ratio: 9.7%), resulting in net assets of $248K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $171K | $101K | $275K | $27K | — | — |
| 2022 | $121K | $118K | $204K | $26K | — | View 990 |
| 2021 | $130K | $88K | $199K | $25K | — | — |
| 2020 | $110K | $82K | $153K | $19K | — | View 990 |
| 2019 | $132K | $90K | $128K | $22K | — | View 990 |
| 2018 | $107K | $89K | $79K | $15K | — | View 990 |
| 2017 | $96K | $68K | $67K | $11K | — | View 990 |
| 2016 | $96K | $84K | $67K | $0 | — | View 990 |
| 2015 | $98K | $63K | $69K | $13K | — | View 990 |
| 2014 | $92K | $75K | $71K | $13K | — | View 990 |
| 2013 | $84K | $49K | $50K | $10K | — | View 990 |
| 2012 | $112K | $108K | $11K | $6K | — | View 990 |
| 2011 | $57K | $55K | $10K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $171K, expenses of $101K, and assets of $275K (revenue +40.6% year-over-year).
- 2022: Revenue of $121K, expenses of $118K, and assets of $204K (revenue -6.2% year-over-year).
- 2021: Revenue of $130K, expenses of $88K, and assets of $199K (revenue +18.2% year-over-year).
- 2020: Revenue of $110K, expenses of $82K, and assets of $153K (revenue -16.9% year-over-year).
- 2019: Revenue of $132K, expenses of $90K, and assets of $128K (revenue +23.0% year-over-year).
- 2018: Revenue of $107K, expenses of $89K, and assets of $79K (revenue +12.2% year-over-year).
- 2017: Revenue of $96K, expenses of $68K, and assets of $67K (revenue -0.6% year-over-year).
- 2016: Revenue of $96K, expenses of $84K, and assets of $67K (revenue -1.8% year-over-year).
- 2015: Revenue of $98K, expenses of $63K, and assets of $69K (revenue +6.5% year-over-year).
- 2014: Revenue of $92K, expenses of $75K, and assets of $71K (revenue +9.0% year-over-year).
- 2013: Revenue of $84K, expenses of $49K, and assets of $50K (revenue -25.0% year-over-year).
- 2012: Revenue of $112K, expenses of $108K, and assets of $11K (revenue +98.1% year-over-year).
- 2011: Revenue of $57K, expenses of $55K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kidspeak Inc:
Data Sources and Methodology
This transparency report for Kidspeak 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.