Kiwanis Foundation of Roanoke

Analysis

Kiwanis Foundation of Roanoke is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in November 1957, 69 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Kiwanis Foundation of Roanoke reported income of $80k and spending of $91k, spending 113% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $161k to $80k (-50%), an average of -16% a year. The sharpest change came in the year to October 2022, when income rose by 116%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kiwanis Foundation of Roanoke 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 30th percentile within VA. Charities of a similar size with the same main cause include Junior Welfare League of Holland Mich ($80k), Kosciusko Development Land Trust Inc ($80k) and Angelic Assistance Community Care ($80k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.