FM Rotary Foundation

Analysis

FM Rotary Foundation is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, FM Rotary Foundation reported income of $386k and spending of $592k, spending 153% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $424k to $386k (-9.1%), an average of -4.6% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, FM Rotary Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within ND. Charities of a similar size with the same main cause include Greater Cheyenne Foundation ($385k), Ruritan Club of Clarke County ($386k) and Wild Accelerator ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $555k against liabilities of $106k, net assets of $449k.