Lomita Kiwanis Gardens Inc

Analysis

Lomita Kiwanis Gardens Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Lomita Kiwanis Gardens Inc reported income of $1.4m and spending of $941k, leaving 32% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $863k to $1.4m (+61%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lomita Kiwanis Gardens Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Saint Cecilias House Inc ($1.4m), Cafe of Life Inc ($1.4m) and Restored Homes Housing Development Fund Corporation ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 24% of the total. At year end it held assets of $2.6m against liabilities of $814k, net assets of $1.7m.