Burbank Kiwanis Foundation Inc

Analysis

Burbank Kiwanis Foundation Inc is a registered charity in United States, based in Valencia, CA. It received its IRS tax-exemption ruling in December 1970, 56 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Burbank Kiwanis Foundation Inc reported income of $62k and spending of $26k, leaving 59% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $37k to $62k (+67%), an average of +67% a year. The sharpest change came in the year to September 2023, when income rose by 67%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Burbank Kiwanis Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Operation Service Inc ($62k), North Berrien Community Development ($62k) and Jackson Madison County African American Chamber of Commerce ($62k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $410k against liabilities of $0, net assets of $410k.