Kiwanis Charities of Rockford Inc

Analysis

Kiwanis Charities of Rockford Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in April 1960, 66 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Kiwanis Charities of Rockford Inc reported income of $154k and spending of $196k, spending 127% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $140k to $154k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to September 2023, when income rose by 406%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kiwanis Charities of Rockford Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Rethinknyc Inc ($153k), Sunset Silverlake Charitable Foundation ($154k) and Barre Area Development Inc ($153k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.