Carousel of Smiles Ltd

Analysis

Carousel of Smiles Ltd is a registered charity in United States, based in Sandpoint, ID. It received its IRS tax-exemption ruling in October 2017, 9 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, Carousel of Smiles Ltd reported income of $103k and spending of $65k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $103k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carousel of Smiles Ltd sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within ID. Charities of a similar size with the same main cause include Wenar Productions Limited Actors Conservatory Theatre ($103k), Rocky Mountain Dance Education Foundation ($103k) and United States Space Force Historical Foundation Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $80k against liabilities of $11k, net assets of $69k.