Kiwanis Club of Madison Foundation

Analysis

Kiwanis Club of Madison Foundation is a registered charity in United States, based in Monona, WI. It received its IRS tax-exemption ruling in July 1963, 63 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 December 2023, Kiwanis Club of Madison Foundation reported income of $74k and spending of $108k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $171k to $74k (-56%), an average of -19% a year. The sharpest change came in the year to December 2020, when income rose by 103%. Over the whole period it spent 52% 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 of Madison Foundation sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within WI. Charities of a similar size with the same main cause include International Heavy Haul Association ($74k), Read 2 Lead Afghanistan Corp ($74k) and Foundation Events Ecc - Education Capacity Community ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.