Old Saybrook Rotary Foundation Inc

Analysis

Old Saybrook Rotary Foundation Inc is a registered charity in United States, based in Old Saybrook, CT. It received its IRS tax-exemption ruling in May 2014, 12 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, Old Saybrook Rotary Foundation Inc reported income of $107k and spending of $81k, leaving 24% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $82k to $107k (+30%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 262%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Old Saybrook Rotary Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within CT. Charities of a similar size with the same main cause include Local Hearts Foundation ($107k), Simione Scillia Larrow & Dowling Charitable Foundation Inc ($107k) and Chrystine M Sullivan Memorial Fund Inc ($106k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% of the total. At year end it held assets of $701k against liabilities of $0, net assets of $701k.