Gig Harbor Kiwanis Foundation

Analysis

Gig Harbor Kiwanis Foundation is a registered charity in United States, based in Federal Way, WA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gig Harbor Kiwanis Foundation reported income of $89k and spending of $115k, spending 129% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $40k to $89k (+126%), an average of +126% a year. The sharpest change came in the year to September 2023, when income rose by 126%. Over the whole period it spent 141% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gig Harbor Kiwanis Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within WA. Charities of a similar size with the same main cause include Jumpcycle ($89k), Michigan HR ($89k) and Hudson Old Home Days Committee ($89k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.