Saranac Lake Rotary Foundation Inc

Analysis

Saranac Lake Rotary Foundation Inc is a registered charity in United States, based in Ray Brook, NY. It received its IRS tax-exemption ruling in November 2001, 25 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 2023, Saranac Lake Rotary Foundation Inc reported income of $358k and spending of $366k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $140k to $358k (+156%), an average of +26% a year. The sharpest change came in the year to June 2020, when income rose by 129%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Saranac Lake Rotary Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include The John Jarrard Community Projects Fund ($358k), Humble Path NP ($358k) and Chetana Global Foundation ($358k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $301k against liabilities of $0, net assets of $301k.