Kaleidoscope Youth Development Services Inc

Analysis

Kaleidoscope Youth Development Services Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2000, 26 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 August 2023, Kaleidoscope Youth Development Services Inc reported income of $13.9m and spending of $12.4m, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $14.3m to $13.9m (-3.1%), an average of -0.8% a year. The sharpest change came in the year to August 2020, when income dropped by 32%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kaleidoscope Youth Development Services Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include The Parent Project for Muscular Dystrophy Research Inc ($13.9m), MBCH Children and Family Ministries ($13.9m) and Inglis Foundation ($13.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $111k (0.9% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $9.4m against liabilities of $2.3m, net assets of $7.1m. It reported 176 employees.