Rotary Charities Foundation of Rotary Club of Providence

Analysis

Rotary Charities Foundation of Rotary Club of Providence is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 1953, 73 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 2023, Rotary Charities Foundation of Rotary Club of Providence reported income of $169k and spending of $172k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $85k to $169k (+99%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 125%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Charities Foundation of Rotary Club of Providence sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within RI. Charities of a similar size with the same main cause include South Venice Beach Endowment TR ($169k), Fullerton Airport Pilot Association ($169k) and Scissortail Community Development Corporation ($169k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.