Newport Rotary Charitable Foundation

Analysis

Newport Rotary Charitable Foundation is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in August 1990, 36 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Newport Rotary Charitable Foundation reported income of $51k and spending of $13k, leaving 75% of income unspent that year. Across the 2 years on record, from April 2022 to April 2024, income grew from $2,000 to $51k (+2449%), an average of +2449% a year. The sharpest change came in the year to April 2024, when income rose by 2449%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Newport Rotary Charitable Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within RI. Charities of a similar size with the same main cause include Santa Ynez Valley Rotary Club Foundation ($51k), Vacaville Rotary Foundation ($51k) and Rotary Club of Estero Foundation Inc ($51k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 13% of the total. At year end it held assets of $384k against liabilities of $0, net assets of $384k.