Saratoga Springs Rotary Education Foundation Inc

Analysis

Saratoga Springs Rotary Education Foundation Inc is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in September 1997, 29 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 2023, Saratoga Springs Rotary Education Foundation Inc reported income of $81k and spending of $104k, spending 129% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $301k to $81k (-73%), an average of -36% a year. The sharpest change came in the year to June 2023, when income dropped by 47%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saratoga Springs Rotary Education Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Rotary Club of Montpelier Charitable Foundation Inc ($81k), Dry Scrubber Users Association Inc ($81k) and Harmony School of Music Incorporated ($81k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $1.8m against liabilities of $19k, net assets of $1.8m.