Abingdon Rotary Foundation Inc

Analysis

Abingdon Rotary Foundation Inc is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Abingdon Rotary Foundation Inc reported income of $56k and spending of $41k, leaving 26% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $78k to $56k (-29%), an average of -6.6% a year. The sharpest change came in the year to June 2022, when income rose by 102%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abingdon Rotary Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include Carpenters House for Children Inc ($56k), American Muslim Hunger Relief ($56k) and Pink Lemonade ($56k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $59k against liabilities of $2,148, net assets of $56k.