Richmond Kiwanis Foundation

Analysis

Richmond Kiwanis Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 1959, 67 years ago. 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, Richmond Kiwanis Foundation reported income of $172k and spending of $138k, spending 80% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $152k to $172k (+13%), an average of +3.1% a year. The sharpest change came in the year to September 2022, when income rose by 24%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richmond Kiwanis Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Home ($172k), Pegasus Special Riders Inc ($172k) and Miravida Living Foundation Inc ($172k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.