Kiwanis Foundation of Charlotte County Inc

Analysis

Kiwanis Foundation of Charlotte County Inc is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in December 1984, 42 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 September 2023, Kiwanis Foundation of Charlotte County Inc reported income of $55k and spending of $138k, spending 252% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $139k to $55k (-60%), an average of -27% a year. The sharpest change came in the year to September 2022, when income rose by 109%. Over the whole period it spent 90% 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 Charlotte County Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include St Marys of the Rock Preservation Society ($55k), Awaic Foundation Inc ($55k) and Greater Mondawmin Coordinating Council Inc ($55k).

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 $1.9m against liabilities of $0, net assets of $1.9m.