Kaleidoscope Keweenaw Alternative Education Organization

Analysis

Kaleidoscope Keweenaw Alternative Education Organization is a registered charity in United States, based in Houghton, MI. It received its IRS tax-exemption ruling in September 2020, 6 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Kaleidoscope Keweenaw Alternative Education Organization reported income of $366k and spending of $384k, spending 105% of its income. Across the 4 years on record, from July 2021 to July 2024, income grew from $269k to $366k (+36%), an average of +11% a year. The sharpest change came in the year to July 2024, when income rose by 29%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kaleidoscope Keweenaw Alternative Education Organization sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Rensselaer County Housing Resources Inc ($366k), Columbia High School Scholarship Fund a Non-Profit Corporation ($366k) and Montana High School Rodeo Corporation ($366k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Other salaries and wages came to $173k. At year end it held assets of $28k against liabilities of $31k, net assets of -$3,005. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.