Kiwanis Club of Lakewood Ohio Scholarship Foundation Inc

Analysis

Kiwanis Club of Lakewood Ohio Scholarship Foundation Inc is a registered charity in United States, based in Lakewood, OH. It received its IRS tax-exemption ruling in October 1968, 58 years ago. 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 2022, Kiwanis Club of Lakewood Ohio Scholarship Foundation Inc reported income of $162k and spending of $454k, spending 280% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $245k to $162k (-34%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kiwanis Club of Lakewood Ohio Scholarship Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Bakersfield North Rotary Foundation ($162k), PTA California Congress of Parents Teachers & Students Inc ($162k) and Momenta Inc ($162k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 48% of the total. At year end it held assets of $1.5m against liabilities of $234k, net assets of $1.2m.