Rotary Club of Marblehead Charitable Foundation Inc

Analysis

Rotary Club of Marblehead Charitable Foundation Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in January 2001, 25 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 June 2024, Rotary Club of Marblehead Charitable Foundation Inc reported income of $54k and spending of $111k, spending 204% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $46k to $54k (+18%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 169% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rotary Club of Marblehead Charitable Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include National Association of Charitable Gift Planners ($54k), We the Village ($54k) and Howard County Police Foundation Inc ($54k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $221k against liabilities of $0, net assets of $221k.