Karousel Kids Inc

Analysis

Karousel Kids Inc is a registered charity in United States, based in Claremont, CA. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Karousel Kids Inc reported income of $176k and spending of $175k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $226k to $176k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Karousel Kids Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Michigan Trails and Greenways Alliance ($176k), Pierre Claeyssens Veterans Museum and Library Foundation ($176k) and Friends of Center Stage Youth Performers ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $9,872 against liabilities of $66k, net assets of -$56k.