KALEIDOSCOPE YOUTH DEVELOPMENT SERVICES INC

Kaleidoscope Youth Development Services, Inc. (KYDS) is a Houston-based 501(c)(3) that serves as the charter holder and nonprofit operator of The Rhodes School for the Performing Arts, an open-enrollment PreK–8 performing-arts magnet school. KYDS’s stated mission is to develop critical thinkers who have the character to lead, delivering classroom instruction alongside counseling and school health supports. In recent years the organization has operated two Rhodes School campuses and reported serving roughly 800–900 students/families; an independent audit for the fiscal year ending August 31, 2023 documented services to 883 children and families. KYDS’s most recent tax filings and audited financial statements show multi-million-dollar annual revenues driven by state and federal education funding, and filings for FY2024–FY2025 show operating deficits and a reduction in net assets that auditors flagged as raising substantial doubt about near-term financial sustainability.