Olympia Kiwanis Foundation

Analysis

Olympia Kiwanis Foundation is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in November 2007, 19 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 (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, Olympia Kiwanis Foundation reported income of $102k and spending of $99k, spending 97% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $660k to $102k (-85%), an average of -85% a year. The sharpest change came in the year to September 2023, when income dropped by 85%. Over the whole period it spent 27% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Olympia Kiwanis Foundation 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 37th percentile, and in the 33rd percentile within WA. Charities of a similar size with the same main cause include Adelanto Community Benefit Corporation ($101k), Community Publishing of Andover Inc ($102k) and Junior League of Colorado Springs ($101k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $946k against liabilities of $0, net assets of $946k.