Kaleidoscope School of Fine Art

Analysis

Kaleidoscope School of Fine Art is a registered charity in United States, based in Barrington, IL. It received its IRS tax-exemption ruling in September 2014, 12 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, Kaleidoscope School of Fine Art reported income of $81k and spending of $74k, spending 92% of its income. Across the 5 years on record, from August 2020 to December 2023, income fell from $232k to $81k (-65%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 86% 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 School of Fine Art sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Gateway Gun Club Youth Shooters ($81k), Cedar Lake Summerfest Committee Inc ($81k) and Jane Franklin Dance ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. At year end it held assets of $224k against liabilities of $22k, net assets of $202k. It reported 15 employees.