Wakefield Rotary Charitable Foundation Inc

Analysis

Wakefield Rotary Charitable Foundation Inc is a registered charity in United States, based in Wakefield, RI. It received its IRS tax-exemption ruling in January 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Wakefield Rotary Charitable Foundation Inc reported income of $105k and spending of $43k, leaving 59% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $14k to $105k (+665%), an average of +50% a year. The sharpest change came in the year to June 2023, when income rose by 302%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wakefield Rotary Charitable 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 38th percentile, and in the 34th percentile within RI. Charities of a similar size with the same main cause include Ayzar Outreach Inc ($105k), Kasper Cares Inc ($105k) and Stardust Memories Big Band Inc ($105k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% of the total. At year end it held assets of $762k against liabilities of $0, net assets of $762k.