Wadesboro Rotary Club Charitable Foundation Inc

Analysis

Wadesboro Rotary Club Charitable Foundation Inc is a registered charity in United States, based in Wadesboro, NC. It received its IRS tax-exemption ruling in May 2004, 22 years ago. 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, Wadesboro Rotary Club Charitable Foundation Inc reported income of $87k and spending of $77k, spending 88% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $57k to $87k (+53%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wadesboro Rotary Club Charitable Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include PTA Florida Congress ($87k), The Baltimore Watercolor Society Inc ($87k) and Association for Rescue at Sea Inc ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $257k against liabilities of $0, net assets of $257k.