Kiwanis Club of Inverness Florida Inc

Analysis

Kiwanis Club of Inverness Florida Inc is a registered charity in United States, based in Inverness, FL. 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 Inverness Florida Inc reported income of $207k and spending of $248k, spending 120% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $138k to $207k (+50%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 94% 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 Inverness Florida Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Vermillion Cultural Association ($207k), Canteen District Inc ($207k) and Women in Security and Privacy ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% of the total. At year end it held assets of $301k against liabilities of $0, net assets of $301k.