Kiwanis Club of Anacortes Wa Foundation

Analysis

Kiwanis Club of Anacortes Wa Foundation is a registered charity in United States, based in Anacortes, WA. It received its IRS tax-exemption ruling in February 1995, 31 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 Anacortes Wa Foundation reported income of $227k and spending of $172k, leaving 24% of income unspent that year. Across the 3 years on record, from September 2019 to September 2023, income fell from $233k to $227k (-2.2%), an average of -1.1% a year. The sharpest change came in the year to September 2023, when income rose by 23%. Over the whole period it spent 87% 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 Anacortes Wa 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 56th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include Red Hot Organization Inc ($227k), Childrens Alopecia Project ($227k) and Retired Senior Volunteer Program of Carroll County ($227k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $489k against liabilities of $50k, net assets of $439k.