Kiwanis Club of Southport-Oakisland Foundation

Analysis

Kiwanis Club of Southport-Oakisland Foundation is a registered charity in United States, based in Southport, NC. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Kiwanis Club of Southport-Oakisland Foundation reported income of $153k and spending of $78k, leaving 49% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $86k to $153k (+77%), an average of +77% a year. The sharpest change came in the year to September 2023, when income rose by 77%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kiwanis Club of Southport-Oakisland Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Shamrock Invitational Inc ($153k), Md5m Lions Kidsight Foundation Inc ($153k) and Abatix Foundation ($152k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 45% and program service revenue 13% of the total. At year end it held assets of $233k against liabilities of $817, net assets of $232k.