Rotary Club of Bainbrdige Island Scholarship Foundation

Analysis

Rotary Club of Bainbrdige Island Scholarship Foundation is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in June 2006, 20 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 December 2023, Rotary Club of Bainbrdige Island Scholarship Foundation reported income of $73k and spending of $45k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $85k to $73k (-14%), an average of -7.4% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rotary Club of Bainbrdige Island Scholarship Foundation 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 29th percentile, and in the 24th percentile within WA. Charities of a similar size with the same main cause include Tennessee Gas Association Scholarship Foundation ($73k), Hawaii Master Food Preservers Inc ($73k) and Day Care Center ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $480k against liabilities of $0, net assets of $480k.