Marlborough Rotary Charitable Endowment Inc

Analysis

Marlborough Rotary Charitable Endowment Inc is a registered charity in United States, based in Marlborough, MA. It received its IRS tax-exemption ruling in November 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Marlborough Rotary Charitable Endowment Inc reported income of $74k and spending of $42k, leaving 43% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $93k to $74k (-20%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marlborough Rotary Charitable Endowment Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Sacramento Area Firefighters Widows and Orphans Fund ($74k), Leonid Foundation a NJ Nonprofit Corporation ($74k) and Kollel Tiferes Yakov Vzichron Mashe ($74k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $216k against liabilities of $0, net assets of $216k.