Kaleidoscope Charter School

Analysis

Kaleidoscope Charter School is a registered charity in United States, based in Otsego, MN. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kaleidoscope Charter School reported income of $8.6m and spending of $7.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $8.6m (+22%), an average of +5.0% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kaleidoscope Charter School sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Link Community Charter School Inc ($8.6m), Guilford Charter Development Inc ($8.6m) and American Academy of Optometry ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $213k (2.9% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $5.5m against liabilities of $6.5m, net assets of -$997k. It reported 123 employees.