Kiwanis Club of Goldsboro NC Foundation

Analysis

Kiwanis Club of Goldsboro NC Foundation is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Goldsboro NC Foundation reported income of $150k and spending of $222k, spending 148% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $209k to $150k (-28%), an average of -28% a year. The sharpest change came in the year to September 2023, when income dropped by 28%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kiwanis Club of Goldsboro NC Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Kevin Williams Memorial Fund ($150k), Middlesex County Community Park Corporation ($150k) and Middlesex County 4-H Fair Inc 4-H Clubs and Affiliated 4-H Orgs ($150k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,882 against liabilities of $0, net assets of $9,882.