LA Jolla Kiwanis Foundation

Analysis

LA Jolla Kiwanis Foundation is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in November 2016, 10 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, LA Jolla Kiwanis Foundation reported income of $168k and spending of $143k, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $211k to $168k (-20%), an average of -5.5% a year. The sharpest change came in the year to September 2022, when income dropped by 38%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, LA Jolla Kiwanis Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Worc 4 Hope Inc ($168k), Aberdeen Revitalization Movement ($168k) and Workforce Development Services Inc ($168k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $1.0m against liabilities of $14k, net assets of $1.0m.