Kiwanis Club of Kingsport Foundation

Analysis

Kiwanis Club of Kingsport Foundation is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in November 2010, 16 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kiwanis Club of Kingsport Foundation reported income of $85k and spending of $32k, leaving 63% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $68k to $85k (+26%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 45% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kiwanis Club of Kingsport Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within TN. Charities of a similar size with the same main cause include The George Walker Jr Community Coalition Inc ($85k), Giving Cupboard ($85k) and Beloved Woman ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $264k against liabilities of $0, net assets of $264k.