Kaleidoscope Dance Theatre Inc

Analysis

Kaleidoscope Dance Theatre Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kaleidoscope Dance Theatre Inc reported income of $199k and spending of $198k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $144k to $199k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kaleidoscope Dance Theatre Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Red River Community House Inc ($199k), Forum86 ($199k) and Artsouth a Not for Profit ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 21% of the total. At year end it held assets of $78 against liabilities of $37k, net assets of -$37k.