Rotary Club of Boothbay Harbor Foundation Inc

Analysis

Rotary Club of Boothbay Harbor Foundation Inc is a registered charity in United States, based in Boothbay HBR, ME. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Rotary Club of Boothbay Harbor Foundation Inc reported income of $108k and spending of $126k, spending 116% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $166k to $108k (-35%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rotary Club of Boothbay Harbor Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 33rd percentile within ME. Charities of a similar size with the same main cause include New England Municpal Clerks Institute & Acdemy ($108k), Kate McCarthy Memorial Fund Corporation ($108k) and Dakota Ridge Instrumental Music Boosters Organization ($108k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $330k against liabilities of $101k, net assets of $229k.