Kiwanis Foundation of New England Inc

Analysis

Kiwanis Foundation of New England Inc is a registered charity in United States, based in Westfield, MA. It received its IRS tax-exemption ruling in December 1962, 64 years ago. 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, Kiwanis Foundation of New England Inc reported income of $858k and spending of $123k, leaving 86% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $350k to $858k (+145%), an average of +25% a year. The sharpest change came in the year to September 2021, when income rose by 296%. Over the whole period it spent 24% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kiwanis Foundation of New England Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Chicopee Child Development Center Inc ($858k), Inland Empire Community Collaborative ($858k) and Community Council of St Charles County ($858k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.0% of the total. At year end it held assets of $8.0m against liabilities of $110k, net assets of $7.8m.