Kaleidoscope of Hope Foundation Inc

Analysis

Kaleidoscope of Hope Foundation Inc is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Kaleidoscope of Hope Foundation Inc reported income of $181k and spending of $171k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $95k to $181k (+90%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kaleidoscope of Hope Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Passaic County Elks Crippled Childrens Committee Inc ($181k), Ihealth Inc ($181k) and Phoenix Inner City Kids ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% of the total. At year end it held assets of $624k against liabilities of $0, net assets of $624k.