Kaleidoscope Ministries

Analysis

Kaleidoscope Ministries is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Ministries reported income of $67k and spending of $220k, spending 331% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $225k to $67k (-70%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kaleidoscope Ministries sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Glorybound ($67k), Big Walnut Friends Who Share Program ($67k) and Peachcenter Ministries Inc ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $65k (29% of expenses). Other salaries and wages came to $6,825. At year end it held assets of $144k against liabilities of $696, net assets of $144k. It reported 2 employees.