Kitchi Gammi Club Foundation Inc

Analysis

Kitchi Gammi Club Foundation Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in October 2000, 26 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, Kitchi Gammi Club Foundation Inc reported income of $171k and spending of $114k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $136k to $171k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 134% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kitchi Gammi Club Foundation Inc 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 48th percentile within MN. Charities of a similar size with the same main cause include Rotary Club of Fort Myers South Foundation Inc ($171k), Downtown Hays Development Corporation ($171k) and Community Enrichment for Klickitat County ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $1.6m against liabilities of $11k, net assets of $1.6m.