Kaleidoscope Ministries Inc

Analysis

Kaleidoscope Ministries Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Kaleidoscope Ministries Inc reported income of $330k and spending of $293k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $264k to $330k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kaleidoscope Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Mission of Mary Cooperative ($330k), Friends of Darchei Rochel Inc ($330k) and Soar Columbia ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $219k (75% of expenses). At year end it held assets of $193k against liabilities of $1,344, net assets of $192k. It reported 5 employees.