Anacortes Rotary Charitableassociation

Analysis

Anacortes Rotary Charitableassociation is a registered charity in United States, based in Anacortes, WA. It received its IRS tax-exemption ruling in July 2008, 18 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 June 2024, Anacortes Rotary Charitableassociation reported income of $332k and spending of $126k, leaving 62% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $183k to $332k (+81%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 122%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Anacortes Rotary Charitableassociation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Little Italy Neigborhood Association Inc ($332k), Community Rewards Services ($332k) and Pennsylvania State Association of County Fairs ($332k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% of the total. At year end it held assets of $654k against liabilities of $0, net assets of $654k.