Metrobethesda Rotary Foundation Inc

Analysis

Metrobethesda Rotary Foundation Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Metrobethesda Rotary Foundation Inc reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $222k to $1.2m (+444%), an average of +444% a year. The sharpest change came in the year to June 2023, when income rose by 444%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Metrobethesda Rotary Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Chinquapin School Endowment Inc ($1.2m), Pauls Valley General Hospital Foundation ($1.2m) and Kevin Coleman Foundation Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $249k against liabilities of $1,306, net assets of $247k.