Rotary Club of Mystic Charitable Fund Inc

Analysis

Rotary Club of Mystic Charitable Fund Inc is a registered charity in United States, based in Mystic, CT. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Mystic Charitable Fund Inc reported income of $57k and spending of $61k, spending 106% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $44k to $57k (+29%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 123% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rotary Club of Mystic Charitable Fund Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within CT. Charities of a similar size with the same main cause include Nassau Boces Educational Foundation Inc ($57k), The Lane School Parent-Teacher Organization of Hinsdale ($57k) and Yujin Gakuen PTO ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 30% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.