Kiwanis Club of Chinatown Foundation Inc

Analysis

Kiwanis Club of Chinatown Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2015, 11 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 Chinatown Foundation Inc reported income of $79k and spending of $82k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $79k (+9.6%), an average of +9.6% a year. Over the whole period it spent 96% 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 Chinatown Foundation Inc 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 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Community Empowering LA ($79k), El Puente the Bridge ($79k) and Atwood Second Century Development Fund Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.