Midland Kiwanis Foundation

Analysis

Midland Kiwanis Foundation is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in April 1961, 65 years ago. 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, Midland Kiwanis Foundation reported income of $195k and spending of $131k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $195k (+123%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 658%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midland Kiwanis Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Twin Cities Public Action to Deliver Shelter Inc ($195k), Roofers and Waterproofers Local 37 Joint Apprenticeship and Journeyma ($195k) and Asis Foundation Inc ($195k).

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 $2.5m against liabilities of $0, net assets of $2.5m.