Kiwanis Club No 1 Foundation of Detroit Inc

Analysis

Kiwanis Club No 1 Foundation of Detroit Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 1955, 71 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kiwanis Club No 1 Foundation of Detroit Inc reported income of $69k and spending of $60k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $89k to $69k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kiwanis Club No 1 Foundation of Detroit 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 27th percentile, and in the 27th percentile within MI. Charities of a similar size with the same main cause include Phoenix Economic Development Corporation ($69k), St Albans for the Future Inc ($69k) and International Raoul Wallenberg Foundation Inc ($69k).

At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.