Merlins Kids Inc
EIN: 263493804 · Midland Park, NJ · NTEE: P30
| Metric | Value |
|---|---|
| Total Revenue | $165K |
| Total Expenses | $178K |
| Net Assets | $227K |
Is Merlins Kids Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Merlins Kids Inc
Merlins Kids Inc (EIN: 263493804) is a nonprofit organization based in Midland Park, NJ, classified under NTEE code P30. The organization reported total revenue of $165K and total assets of $392K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Merlins Kids Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Merlins Kids Inc is a small nonprofit that has been operating for 15 years, with 10 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -8.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $165K |
| Total Expenses | $178K |
| Surplus / Deficit | $-12,985 |
| Total Assets | $392K |
| Total Liabilities | $165K |
| Net Assets | $227K |
| Operating Margin | -7.9% |
| Debt-to-Asset Ratio | 42.1% |
| Months of Reserves | 26.4 months |
Financial Health Grade: B
In 2021, Merlins Kids Inc reported a deficit of $13K with expenses exceeding revenue, holds 26.4 months of operating reserves (strong position), has a debt-to-asset ratio of 42.1% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2021), Merlins Kids Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -86.2% | -84.9% | -5.0% |
| 2019 | -9.2% | -10.2% | +1.6% |
| 2018 | +5.3% | +15.9% | -1.1% |
| 2017 | +14.0% | -0.1% | +34.0% |
| 2016 | -1.1% | +7.0% | -11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Merlins Kids Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Merlins Kids Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.1%.
Frequently Asked Questions about Merlins Kids Inc
Is Merlins Kids Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Merlins Kids Inc (EIN: 263493804) insufficient data. 0 red flags identified, 0 strengths noted.
How does Merlins Kids Inc spend its money?
Detailed spending breakdown data is not yet available for Merlins Kids Inc. Check back for updated IRS 990 analysis.
Are donations to Merlins Kids Inc tax-deductible?
Merlins Kids Inc is registered as a tax-exempt nonprofit (EIN: 263493804). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Merlins Kids Inc located?
Merlins Kids Inc is headquartered in Midland Park, New Jersey and files with the IRS under EIN 263493804. It is classified under NTEE code P30.
How many years of IRS 990 filings does Merlins Kids Inc have?
Merlins Kids Inc has 10 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 $165K in total revenue.
Filing History
IRS 990 filing history for Merlins Kids Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2021), Merlins Kids Inc's revenue has declined by 57.8%, moving from $391K to $165K. Total assets increased by 399399% over the same period, from $98 to $392K. Total functional expenses fell by 54.4%, from $391K to $178K. In its most recent filing year (2021), Merlins Kids Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $165K in liabilities against $392K in assets (debt-to-asset ratio: 42.1%), resulting in net assets of $227K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $165K | $178K | $392K | $165K | — | — |
| 2019 | $1.2M | $1.2M | $412K | $210K | — | View 990 |
| 2018 | $1.3M | $1.3M | $405K | $223K | — | View 990 |
| 2017 | $1.2M | $1.1M | $410K | $235K | — | View 990 |
| 2016 | $1.1M | $1.1M | $306K | $246K | — | View 990 |
| 2015 | $1.1M | $1.1M | $346K | $257K | — | View 990 |
| 2014 | $1.0M | $1.0M | $99 | $0 | — | — |
| 2013 | $902K | $902K | $95 | $0 | — | — |
| 2012 | $826K | $826K | $84 | $0 | — | View 990 |
| 2011 | $391K | $391K | $98 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $165K, expenses of $178K, and assets of $392K (revenue -86.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $412K (revenue -9.2% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $405K (revenue +5.3% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $410K (revenue +14.0% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $306K (revenue -1.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $346K (revenue +10.6% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $99 (revenue +11.0% year-over-year).
- 2013: Revenue of $902K, expenses of $902K, and assets of $95 (revenue +9.3% year-over-year).
- 2012: Revenue of $826K, expenses of $826K, and assets of $84 (revenue +111.1% year-over-year).
- 2011: Revenue of $391K, expenses of $391K, and assets of $98.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Merlins Kids Inc:
Data Sources and Methodology
This transparency report for Merlins Kids 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.