Norwich Rotary Foundation Inc

Analysis

Norwich Rotary Foundation Inc is a registered charity in United States, based in Bozrah, CT. It received its IRS tax-exemption ruling in November 1993, 33 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, Norwich Rotary Foundation Inc reported income of $82k and spending of $71k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $115k to $82k (-29%), an average of -29% a year. The sharpest change came in the year to June 2024, when income dropped by 29%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Norwich Rotary Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within CT. Charities of a similar size with the same main cause include Tennessee Real Estate Educational Foundation Inc ($82k), Abraham Lincoln Elementary School Foundation ($82k) and Grand Junction Kiwanis Foundation ($82k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 26% of the total. At year end it held assets of $486k against liabilities of $1,025, net assets of $485k.