Chariho Rotary Club Foundation Inc

Analysis

Chariho Rotary Club Foundation Inc is a registered charity in United States, based in Hope Valley, RI. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Chariho Rotary Club Foundation Inc reported income of $97k and spending of $72k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $38k to $97k (+158%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 150%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chariho Rotary Club Foundation Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 31st percentile within RI. Charities of a similar size with the same main cause include Fond du Lac Rotary Club Charities Inc ($97k), Urban Islands Project ($97k) and Canastota Development Corporation ($97k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% of the total. At year end it held assets of $661k against liabilities of $19k, net assets of $642k.