Lakeland Kiwanis Charitable Foundation Inc

Analysis

Lakeland Kiwanis Charitable Foundation Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in November 2012, 14 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, Lakeland Kiwanis Charitable Foundation Inc reported income of $103k and spending of $113k, spending 111% of what it took in. Across the 3 years on record, from September 2020 to September 2023, income fell from $179k to $103k (-43%), an average of -24% a year. The sharpest change came in the year to September 2022, when income dropped by 31%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lakeland Kiwanis Charitable Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Visual Resources Association ($102k), Door County Summer Horizons Foundation Inc ($103k) and Friends for Injured Workers ($102k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.