Ks Precious Care Learning Center Inc
Ks Precious Care Learning Center Inc shows significant revenue growth but frequently operates at a deficit.
EIN: 142006700 · Lansing, MI · NTEE: P33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $612K |
| Total Expenses | $632K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $588,623 |
| Net Assets | $2K |
| Transparency Score | 70/100 |
Is Ks Precious Care Learning Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ks Precious Care Learning Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ks Precious Care Learning Center Inc
Ks Precious Care Learning Center Inc (EIN: 142006700) is a nonprofit organization based in Lansing, MI, classified under NTEE code P33. The organization reported total revenue of $612K and total assets of $71K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ks Precious Care Learning Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ks Precious Care Learning Center Inc is a small nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 33.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $589K |
| Total Expenses | $632K |
| Surplus / Deficit | $-43,433 |
| Total Assets | $132K |
| Total Liabilities | $130K |
| Net Assets | $2K |
| Operating Margin | -7.4% |
| Debt-to-Asset Ratio | 98.7% |
| Months of Reserves | 2.5 months |
Financial Health Grade: D
In 2023, Ks Precious Care Learning Center Inc reported a deficit of $43K with expenses exceeding revenue, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 98.7% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Ks Precious Care Learning Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 33.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.2% | -20.9% | +38.0% |
| 2022 | +28.7% | +58.0% | -36.5% |
| 2021 | +69.5% | +74.9% | +132.4% |
| 2020 | +105.8% | +55.0% | +333.0% |
| 2019 | +63.1% | +80.0% | -83.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Ks Precious Care Learning Center Inc with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ks Precious Care Learning Center 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 deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 98.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly unusual for an organization of this revenue size ($588,623 in 2023) and suggests a volunteer-led or very lean leadership structure.
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 Ks Precious Care Learning Center Inc's IRS 990 filings:
- Frequent operating deficits (expenses exceeding revenue), as seen in 2023 and 2022.
- Significant fluctuations in assets and liabilities, indicating potential financial instability.
- High liabilities relative to assets in some periods, such as $130,379 liabilities against $132,147 assets in 2023.
Strengths
The following positive indicators were identified for Ks Precious Care Learning Center Inc:
- Strong revenue growth over the past eight years, indicating expanding services.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
- 0% reported officer compensation, suggesting a focus on program delivery rather than executive salaries.
Frequently Asked Questions about Ks Precious Care Learning Center Inc
Is Ks Precious Care Learning Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ks Precious Care Learning Center Inc (EIN: 142006700) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Ks Precious Care Learning Center Inc spend its money?
Ks Precious Care Learning Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ks Precious Care Learning Center Inc tax-deductible?
Ks Precious Care Learning Center Inc is registered as a tax-exempt nonprofit (EIN: 142006700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ks Precious Care Learning Center Inc CEO make?
Ks Precious Care Learning Center Inc's highest-compensated officer earns $588,623 annually. The organization reported $612K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ks Precious Care Learning Center Inc's spending goes to programs?
Ks Precious Care Learning Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ks Precious Care Learning Center Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Ks Precious Care Learning Center Inc is above average for NTEE category P33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ks Precious Care Learning Center Inc located?
Ks Precious Care Learning Center Inc is headquartered in Lansing, Michigan and files with the IRS under EIN 142006700. It is classified under NTEE code P33.
How many years of IRS 990 filings does Ks Precious Care Learning Center Inc have?
Ks Precious Care Learning Center Inc has 8 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 $612K in total revenue.
Is Ks Precious Care Learning Center Inc financially stable?
The organization's financial stability is a concern, as it has frequently reported expenses exceeding revenue, such as in 2023 ($632,056 expenses vs. $588,623 revenue) and 2022 ($799,349 expenses vs. $766,387 revenue). This pattern of operating at a deficit could impact long-term sustainability.
How has the organization's revenue changed over time?
Ks Precious Care Learning Center Inc has experienced substantial revenue growth, increasing from $78,050 in 2016 to $588,623 in 2023, demonstrating significant expansion in its operations.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all eight available filings, indicating that no officers or key employees received salaries, which is a notable characteristic of its financial management.
Are the organization's assets growing?
Assets have fluctuated significantly, peaking at $150,931 in 2021 and declining to $132,147 in 2023, while liabilities have also varied, reaching $130,379 in 2023. This indicates inconsistent asset growth and sometimes high leverage.
Filing History
IRS 990 filing history for Ks Precious Care Learning Center Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Ks Precious Care Learning Center Inc's revenue has grown by 654.2%, moving from $78K to $589K. Total assets increased by 11848.2% over the same period, from $1K to $132K. Total functional expenses rose by 709.8%, from $78K to $632K. In its most recent filing year (2023), Ks Precious Care Learning Center Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $130K in liabilities against $132K in assets (debt-to-asset ratio: 98.7%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $589K | $632K | $132K | $130K | — | — |
| 2022 | $766K | $799K | $96K | $51K | — | — |
| 2021 | $595K | $506K | $151K | $0 | — | View 990 |
| 2020 | $351K | $289K | $65K | $0 | — | View 990 |
| 2019 | $171K | $187K | $15K | $15K | — | View 990 |
| 2018 | $105K | $104K | $92K | $89K | — | View 990 |
| 2017 | $94K | $105K | $637 | $0 | — | View 990 |
| 2016 | $78K | $78K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $589K, expenses of $632K, and assets of $132K (revenue -23.2% year-over-year).
- 2022: Revenue of $766K, expenses of $799K, and assets of $96K (revenue +28.7% year-over-year).
- 2021: Revenue of $595K, expenses of $506K, and assets of $151K (revenue +69.5% year-over-year).
- 2020: Revenue of $351K, expenses of $289K, and assets of $65K (revenue +105.8% year-over-year).
- 2019: Revenue of $171K, expenses of $187K, and assets of $15K (revenue +63.1% year-over-year).
- 2018: Revenue of $105K, expenses of $104K, and assets of $92K (revenue +11.7% year-over-year).
- 2017: Revenue of $94K, expenses of $105K, and assets of $637 (revenue +20.0% year-over-year).
- 2016: Revenue of $78K, expenses of $78K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ks Precious Care Learning Center Inc:
Data Sources and Methodology
This transparency report for Ks Precious Care Learning Center 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.