Twin City Kiwanis Foundation of Winston-Salem Inc

Analysis

Twin City Kiwanis Foundation of Winston-Salem Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in August 1999, 27 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 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, Twin City Kiwanis Foundation of Winston-Salem Inc reported income of $54k and spending of $51k, spending 95% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $18k to $54k (+202%), an average of +202% a year. The sharpest change came in the year to September 2023, when income rose by 202%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Twin City Kiwanis Foundation of Winston-Salem Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include We the Village ($54k), Virginia Trial Lawyers Foundation Inc ($54k) and Rotary Club of Marblehead Charitable Foundation Inc ($54k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.