Kaleidoscope of Wny Inc

Analysis

Kaleidoscope of Wny Inc is a registered charity in United States, based in Elma, NY. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Kaleidoscope of Wny Inc reported income of $207k and spending of $138k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $84k to $207k (+147%), an average of +57% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 61% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kaleidoscope of Wny Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Usa-Nevada Wrestling ($207k), Montgomery Youth Wrestling Leagueinc ($207k) and Methow Valley Community Center Association ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 72% of the total. Other salaries and wages came to $33k. At year end it held assets of $490k against liabilities of $288k, net assets of $202k. It reported 3 employees.