Kiwanis Club of South Lake Foundation Inc

Analysis

Kiwanis Club of South Lake Foundation Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Kiwanis Club of South Lake Foundation Inc reported income of $181k and spending of $71k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $181k (+125%), an average of +125% a year. The sharpest change came in the year to December 2023, when income rose by 125%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kiwanis Club of South Lake Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Network Housing 94 Sixth Street Inc ($181k), Palestine Aid Society of America ($181k) and Seeds of Hope Nigeria ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. At year end it held assets of $201k against liabilities of $31k, net assets of $170k.