Kaleidoscope School

Analysis

Kaleidoscope School is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2022, Kaleidoscope School reported income of $964k and spending of $1.1m, spending 119% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $222k to $964k (+334%), an average of +63% a year. The sharpest change came in the year to June 2022, when income rose by 88%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kaleidoscope School sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Kansas Parents As Teacher Association ($964k), Souther Tier High Technology Incubator Inc ($965k) and Watertown Library Association ($964k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $83k (7.3% of expenses). Other salaries and wages came to $522k. At year end it held assets of $11k against liabilities of $355k, net assets of -$344k. It reported 24 employees.