Kiwanis Club of Milpitas Foundation

Analysis

Kiwanis Club of Milpitas Foundation is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in October 2013, 13 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 Milpitas Foundation reported income of $78k and spending of $89k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $78k (+11%), an average of +11% a year. Over the whole period it spent 119% 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 Milpitas Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Onondaga Civic Development Corporation ($78k), Nebraska Iowa Kiwanis District Foundation ($78k) and Downtown Painesville Organization ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.