The Kiwanis Club of Carefree Benefit Foundation Inc

Analysis

The Kiwanis Club of Carefree Benefit Foundation Inc is a registered charity in United States, based in Carefree, AZ. It received its IRS tax-exemption ruling in August 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Kiwanis Club of Carefree Benefit Foundation Inc reported income of $5.4m and spending of $5.2m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $987k to $5.4m (+448%), an average of +53% a year. The sharpest change came in the year to September 2020, when income rose by 198%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Kiwanis Club of Carefree Benefit Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Olana Partnership ($5.4m), Entrepreneur Educational Center ($5.4m) and Brighter Future Employment Services ($5.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $58k (1.1% of expenses). Other salaries and wages came to $523k. At year end it held assets of $4.9m against liabilities of $1.1m, net assets of $3.9m. It reported 17 employees.