Gainesville-Haymarket Rotary Foundation Inc

Analysis

Gainesville-Haymarket Rotary Foundation Inc is a registered charity in United States, based in Haymarket, VA. It received its IRS tax-exemption ruling in May 2008, 18 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gainesville-Haymarket Rotary Foundation Inc reported income of $118k and spending of $105k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $118k (+123%), an average of +124% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gainesville-Haymarket Rotary Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include Bronze Shields Inc ($118k), Naa Amerley Palm Education Foundation ($118k) and Sportsmans Club of Joshua Tree Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $151k against liabilities of $98k, net assets of $53k.