Black, who previously hosted the ceremony in both 2006 and 2008, said that he was honoured when asked to return for this year's show.
"Anyone can host something once," he told Entertainment Weekly. "But if they ask you back a second time, that means they liked the way you did it.
"And if you host a third time, that means the first time wasn't a fluke, and it means you did good two times. So the third time, well - that's the real achievement."
The Kids' Choice Awards began in 1988 and are known for dousing hosts, presenters and award winners with the network's trademark green slime during the course of the show.
"You wanna top the last one," Black added. "I've had some pretty dynamic opening numbers."
The Nickelodeon Kids' Choice Awards will air on April 2.