Kiwanis Club of Big Lagoon Foundation Inc

Analysis

Kiwanis Club of Big Lagoon Foundation Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Club of Big Lagoon Foundation Inc reported income of $78k and spending of $88k, spending 114% of what it took in. Across the 3 years on record, from September 2020 to September 2023, income grew from $61k to $78k (+28%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 44%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kiwanis Club of Big Lagoon Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Nux4life ($78k), Bertlyn Bosley Irrv TR ($78k) and Pace Cares Corp ($78k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 9.1% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.