Kaleidoscope Park Foundation

Analysis

Kaleidoscope Park Foundation is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kaleidoscope Park Foundation reported income of $6.1m and spending of $269k, leaving 96% of income unspent that year. Over the whole period it spent 4.4% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kaleidoscope Park Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include FC Greater Boston Bolts Inc ($6.1m), Greater Richmond Aquatics Partnership ($6.1m) and USA Boxing Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6.6m against liabilities of $765k, net assets of $5.8m.