Kaleidoscope Inc

Analysis

Kaleidoscope Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1977, 49 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kaleidoscope Inc reported income of $8.3m and spending of $8.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $8.3m (+14%), an average of +3.4% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kaleidoscope Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Mantachie Rural Health Care Inc ($8.3m), Door of Hope ($8.3m) and National Association of Independent Colleges & Universities ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $562k (6.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $7.2m against liabilities of $5.8m, net assets of $1.4m. It reported 87 employees.