Rotary Club of Andover Charitable TR

Analysis

Rotary Club of Andover Charitable TR is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in December 1999, 27 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 December 2023, Rotary Club of Andover Charitable TR reported income of $100k and spending of $97k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $100k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 125% 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 Andover Charitable TR sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include Logos International ($99k), Alaska Eagles Charity Foundation ($100k) and Or Chadash New Horizons in Jewish Experience ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.