Kiwanis Foundation of Santa Barbara

Analysis

Kiwanis Foundation of Santa Barbara is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in May 2016, 10 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 Foundation of Santa Barbara reported income of $64k and spending of $58k, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $985k to $64k (-94%), an average of -50% a year. The sharpest change came in the year to September 2020, when income dropped by 89%. Over the whole period it spent 20% 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 Foundation of Santa Barbara sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Firefighters to the Rescue Inc ($64k), Ruth Stone House Inc ($64k) and Peter M Looser Scholarship Foundation ($64k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $1.3m against liabilities of $9,896, net assets of $1.3m.