Kaleidoscope Foundation Inc

Analysis

Kaleidoscope Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Foundation Inc reported income of $62k and spending of $1,415, leaving 98% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $12k to $62k (+400%), an average of +400% a year. The sharpest change came in the year to December 2023, when income rose by 400%. Over the whole period it spent 1.9% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kaleidoscope Foundation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Rotary Club of Castle Rock Foundation Inc ($62k), Shepherd Circle ($63k) and Southeast Georgia Friends of Fort Stewart and Hunter Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.