Summit Rotary Foundation Inc

Analysis

Summit Rotary Foundation Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Summit Rotary Foundation Inc reported income of $221k and spending of $175k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $118k to $221k (+88%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summit Rotary Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Czech Village New Bohemia Urban Main Street District ($221k), Community Public Radio Inc ($221k) and Boulder Metalsmithing Association ($221k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $1.0m against liabilities of $46k, net assets of $955k.