Rotary Club of Gloucester Foundation Inc

Analysis

Rotary Club of Gloucester Foundation Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in October 2006, 20 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 2024, Rotary Club of Gloucester Foundation Inc reported income of $113k and spending of $11k, leaving 90% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $72k to $113k (+58%), an average of +58% a year. The sharpest change came in the year to June 2024, when income rose by 58%. Over the whole period it spent 37% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rotary Club of Gloucester Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Mabel & Leo Scott Charitable TR ($113k), Hastings Education Foundation Inc ($113k) and Greenwich Catholic Education Trust Fund ($113k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 101% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.