Kiwanis Club of Riviera Beach Foundation Inc

Analysis

Kiwanis Club of Riviera Beach Foundation Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in December 2001, 25 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 Riviera Beach Foundation Inc reported income of $109k and spending of $118k, spending 108% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $229k to $109k (-52%), an average of -22% a year. The sharpest change came in the year to September 2021, when income dropped by 48%. Over the whole period it spent 94% 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 Riviera Beach Foundation Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Chippewa All Sports Booster Club ($109k), Wallingford Foundation Sponsored by the Rotary Club of Wallingford ($109k) and Alan J Anderson Foundation Inc ($109k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $152k against liabilities of $9,000, net assets of $143k.