Rotary Club of Belfast Maine Charitable Fund

Analysis

Rotary Club of Belfast Maine Charitable Fund is a registered charity in United States, based in Belfast, ME. It received its IRS tax-exemption ruling in November 1995, 31 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 (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, Rotary Club of Belfast Maine Charitable Fund reported income of $174k and spending of $107k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $302k to $174k (-43%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 121%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Club of Belfast Maine Charitable Fund sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 44th percentile within ME. Charities of a similar size with the same main cause include Bay Village Neighborhood Association Inc ($173k), Carthage Industrial Development Corporation ($174k) and Friends of Ridgefield Community Programs Inc ($173k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% of the total. At year end it held assets of $2.4m against liabilities of $420k, net assets of $2.0m.