Kiwanis Club of Longboat Key Foundation Inc

Analysis

Kiwanis Club of Longboat Key Foundation Inc is a registered charity in United States, based in Longboat Key, FL. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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 September 2023, Kiwanis Club of Longboat Key Foundation Inc reported income of $92k and spending of $100k, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $6,868 to $92k (+1246%), an average of +92% a year. The sharpest change came in the year to September 2022, when income rose by 787%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kiwanis Club of Longboat Key Foundation Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Preterm Birth International Collaborative Inc ($92k), Monterey County Fire Training Officers Association ($92k) and Humane Society of Livingston County Inc ($92k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 141% of the total. At year end it held assets of $149k against liabilities of $9,053, net assets of $140k.