Kaleidoscope School

Analysis

Kaleidoscope School is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kaleidoscope School reported income of $3.7m and spending of $3.6m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $365k to $3.7m (+905%), an average of +116% a year. The sharpest change came in the year to June 2021, when income rose by 427%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kaleidoscope School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within AZ. Charities of a similar size with the same main cause include International Technological University Foundation ($3.7m), Coastal Grove Charter School ($3.7m) and Westhampton Free Library ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $123k (3.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $8.0m against liabilities of $7.5m, net assets of $510k. It reported 69 employees.