Kidworks Learning Center
Kidworks Learning Center faces recent operating deficits despite a long history of community service.
EIN: 20487226 · Meredith, NH · NTEE: P33I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $427K |
| Total Expenses | $379K |
| Program Spending | 80% |
| Net Assets | $146K |
| Transparency Score | 75/100 |
Is Kidworks Learning Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kidworks Learning Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kidworks Learning Center
Kidworks Learning Center (EIN: 20487226) is a nonprofit organization based in Meredith, NH, classified under NTEE code P33I. The organization reported total revenue of $427K and total assets of $228K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kidworks Learning Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kidworks Learning Center is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $308K |
| Total Expenses | $379K |
| Surplus / Deficit | $-71,496 |
| Total Assets | $233K |
| Total Liabilities | $87K |
| Net Assets | $146K |
| Operating Margin | -23.2% |
| Debt-to-Asset Ratio | 37.2% |
| Months of Reserves | 7.4 months |
Financial Health Grade: B
In 2023, Kidworks Learning Center reported a deficit of $71K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 37.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kidworks Learning Center's revenue has declined at a compound annual growth rate (CAGR) of -5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.7% | -9.8% | -27.3% |
| 2022 | -10.5% | -3.1% | -7.2% |
| 2021 | -11.0% | +12.9% | +0.9% |
| 2020 | +2.5% | -23.6% | +31.3% |
| 2019 | -0.5% | +0.6% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Kidworks Learning Center with a Mission Score of 75 out of 100 (Good). 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, Kidworks Learning Center 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 $71K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led executive team or that compensation falls below reporting thresholds, which is highly efficient for an organization of this 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 Kidworks Learning Center's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $379,387 vs. revenue $307,891).
- Declining revenue trend over the past several years, from $518,535 in 2017 to $307,891 in 2023.
Strengths
The following positive indicators were identified for Kidworks Learning Center:
- Long operational history with 13 IRS 990 filings, indicating stability.
- Consistent 0% officer compensation, suggesting highly efficient executive overhead.
- Maintains positive net assets despite recent operating deficits (e.g., $232,870 in assets in 2023).
- Clear mission alignment between NTEE code (Child Day Care) and organization name.
Frequently Asked Questions about Kidworks Learning Center
Is Kidworks Learning Center a legitimate charity?
Kidworks Learning Center (EIN: 20487226) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $427K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Kidworks Learning Center spend its money?
Kidworks Learning Center directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kidworks Learning Center tax-deductible?
Kidworks Learning Center is registered as a tax-exempt nonprofit (EIN: 20487226). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kidworks Learning Center's spending goes to programs?
Kidworks Learning Center directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kidworks Learning Center compare to similar nonprofits?
With a transparency score of 75/100 (Good), Kidworks Learning Center is above average for NTEE category P33I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kidworks Learning Center located?
Kidworks Learning Center is headquartered in Meredith, New Hampshire and files with the IRS under EIN 20487226. It is classified under NTEE code P33I.
How many years of IRS 990 filings does Kidworks Learning Center have?
Kidworks Learning Center 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 $427K in total revenue.
Is Kidworks Learning Center financially sustainable given recent deficits?
Kidworks Learning Center has reported expenses exceeding revenue in its most recent filings (2023 and 2022). For example, in 2023, expenses were $379,387 while revenue was $307,891. This trend, if it continues, could challenge its long-term financial sustainability despite maintaining positive net assets.
How does Kidworks Learning Center manage without paid officers?
The consistent reporting of 0% officer compensation suggests that Kidworks Learning Center is either entirely volunteer-led at the executive level or that any compensation falls below IRS reporting thresholds. This indicates a highly efficient operational model in terms of executive overhead.
What is the trend in Kidworks Learning Center's revenue?
Kidworks Learning Center's revenue has shown a declining trend in recent years, from a high of $518,535 in 2017 to $307,891 in 2023, indicating a need to address funding sources.
Filing History
IRS 990 filing history for Kidworks Learning Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kidworks Learning Center's revenue has declined by 46.6%, moving from $576K to $308K. Total assets decreased by 35.7% over the same period, from $362K to $233K. Total functional expenses fell by 25.1%, from $507K to $379K. In its most recent filing year (2023), Kidworks Learning Center reported a deficit of $71K, with expenses exceeding revenue. The organization holds $87K in liabilities against $233K in assets (debt-to-asset ratio: 37.2%), resulting in net assets of $146K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $308K | $379K | $233K | $87K | — | — |
| 2022 | $403K | $421K | $320K | $103K | — | View 990 |
| 2021 | $451K | $434K | $345K | $110K | — | View 990 |
| 2020 | $506K | $385K | $342K | $123K | — | View 990 |
| 2019 | $494K | $504K | $261K | $164K | — | View 990 |
| 2018 | $496K | $501K | $282K | $175K | — | View 990 |
| 2017 | $519K | $564K | $295K | $184K | — | View 990 |
| 2016 | $521K | $534K | $320K | $163K | — | View 990 |
| 2015 | $495K | $514K | $339K | $169K | — | View 990 |
| 2014 | $506K | $531K | $372K | $183K | — | View 990 |
| 2013 | $541K | $515K | $391K | $177K | — | View 990 |
| 2012 | $535K | $522K | $355K | $168K | — | View 990 |
| 2011 | $576K | $507K | $362K | $186K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $308K, expenses of $379K, and assets of $233K (revenue -23.7% year-over-year).
- 2022: Revenue of $403K, expenses of $421K, and assets of $320K (revenue -10.5% year-over-year).
- 2021: Revenue of $451K, expenses of $434K, and assets of $345K (revenue -11.0% year-over-year).
- 2020: Revenue of $506K, expenses of $385K, and assets of $342K (revenue +2.5% year-over-year).
- 2019: Revenue of $494K, expenses of $504K, and assets of $261K (revenue -0.5% year-over-year).
- 2018: Revenue of $496K, expenses of $501K, and assets of $282K (revenue -4.3% year-over-year).
- 2017: Revenue of $519K, expenses of $564K, and assets of $295K (revenue -0.4% year-over-year).
- 2016: Revenue of $521K, expenses of $534K, and assets of $320K (revenue +5.2% year-over-year).
- 2015: Revenue of $495K, expenses of $514K, and assets of $339K (revenue -2.2% year-over-year).
- 2014: Revenue of $506K, expenses of $531K, and assets of $372K (revenue -6.4% year-over-year).
- 2013: Revenue of $541K, expenses of $515K, and assets of $391K (revenue +1.2% year-over-year).
- 2012: Revenue of $535K, expenses of $522K, and assets of $355K (revenue -7.2% year-over-year).
- 2011: Revenue of $576K, expenses of $507K, and assets of $362K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kidworks Learning Center:
Data Sources and Methodology
This transparency report for Kidworks Learning Center 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.