Carousel of Happiness Inc

Analysis

Carousel of Happiness Inc is a registered charity in United States, based in Nederland, CO. It received its IRS tax-exemption ruling in March 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carousel of Happiness Inc reported income of $365k and spending of $276k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $365k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carousel of Happiness Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include Highways Inc ($365k), Dawa - Diversity Awareness and Wellness in Action ($365k) and Farrington Historical Foundation ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $62k (23% of expenses). Other salaries and wages came to $90k. At year end it held assets of $1.1m against liabilities of $5,760, net assets of $1.1m. It reported 15 employees.