Kiwanis Club of Bradenton Foundation Inc

Analysis

Kiwanis Club of Bradenton Foundation Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Bradenton Foundation Inc reported income of $757k and spending of $1.2m, spending 164% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $547k to $757k (+38%), an average of +8.4% a year. The sharpest change came in the year to September 2021, when income rose by 110%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kiwanis Club of Bradenton Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Western Christian High School Foundation ($757k), Kingsley Trust Association ($757k) and Warren Arts and Education Foundation Inc ($757k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.8% of the total. Compensation of current officers, directors and key employees was $20k (1.6% of expenses). At year end it held assets of $11.6m against liabilities of $0, net assets of $11.6m.