Carousel of Smiles Ltd
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THROUGH THE RESTORATION, REVITALIZATION, AND OPERATION OF A VINTAGE GOLDEN AGE 1920 ALLAN HERSCHELL CAROUSEL, THE CAROUSEL OF SMILES PROJECT SEEKS TO: "EDUCATE, AND FOSTER INTEREST IN AND APPRECIATION OF , THE EARLY 20TH CENTURY CAROUSEL ARTS IN CONTEXT TO THE INDUSTRIAL AGE AND THEIR HISTORICAL ROOTS; AND TO UNCOVER AND EXTOLL THE HISTORY, STORIES AND LIVES OF PERSONAS ASSOCIATED WITH CAROUSELS AND THE VENUES THEY OPERATED WITHIN. "ALIGN WITH SELECTED NOT FOR PROFIT ORGANIZATIONS, AND BY UTILIZING THE DRAW AND INTRINSIC EXCITEMENT OF CAROUSELS, ASSIST IN THE AID AND SUPPORT OF THOSE MISSIONS. "EXEMPLIFY THE POSITIVITY AND SYNERGY WHEN PROFIT/NOT FOR PROFIT ENTITIES, COMMUNITY, AND GOVERNMENT COALESCE TOGETHER FOR COMMON OBJECTIVES: ENGAGING THE COMMUNITY PROMOTING LOCAL BUSINESS AND TOURISM, AND PROVIDING SANDPOINT AND ITS VISITORS WITH A UNIQUE OPPORTUNITY TO ENJOY THE SIMPLE PLEASURE OF HAVING FUN. "RENEW THE CAROUSEL'S ORIGINAL MISSION TO CREATE MEMORIES AND BRING SMILES TO KIDS YO
- Income
- $127,588
- Spending
- $99,656
- Reserves
- 11.7 months of spending
- Largest source of income
- donations and private grants, 100%
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $99,656 spent. RESTORATION WORK PROGRESSED WELL DURING THE YEAR, AND WE ARE ON TRACK/SCHEDULE FOR SUBSTANTIAL COMPLETION (85%+/-) OF THE RESTORATION IS EXPECTED BY MID FALL OF 2024. THE DECISION TO REASSEMBLE THE CAROUSEL AT THE FAIRGROUNDS WAS MADE IN FEBRUARY. THE DESIRE WAS TO RE-ENERGIZE THE COMMUNITY FOR THIS PROJECT, ADVANCE FUNDRAISING EFFORTS, AND SHOW OFF THE RESTORATION WORK OF OUR VOLUNTEERS. FUNDRAISING MOMENTUM REGAINED HOED FOR LEVELS, WITH INDIVIDUAL DONATIONS AND PONY ADOPTIONS BACK ON EXPECTED TRACK FOR THE COMPLETION OF THE RESTORATION. AS THE CITY BEACH PARK LOCATION IS NO LONGER VIABLE, ATTENTION HAS TURNED TO A SUITABLE PRIVATE LOCATION, JUST OUTSIDE OF THE PRIMARY DOWNTOWN CORE OF SANDPOINT IN THE "GRANARY/WAREHOUSE DISTRICT". A LEASE AND AN OPTION TO PURCHASE WAS OBTAINED TO THIS UNIQUE PROPERTY, THAT WITH SOME RENOVATION WILL BE SUITABLE FOR THE CAROUSEL AND ITS ANTICIPATED ANCILLARY ACTIVITIES. THE PAINTING STUDIO AND THE COMPLETED PONIES WERE MOVED INTO THE NEW LOCATION WITH A PUBLIC "PONY PARDE" EVENT. THE ADVANTAGE OF THE NEW SITE IS THE ABILITY TO HOST MINI EVENTS AND KEEP THE STUDIO OPEN FOR PUBLIC VISITATIONS.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2017.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.