Rotary Club of Toms River Charitable Foundation Inc

Analysis

Rotary Club of Toms River Charitable Foundation Inc is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in November 1991, 35 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 2023, Rotary Club of Toms River Charitable Foundation Inc reported income of $483k and spending of $88k, leaving 82% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $298k to $483k (+62%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 591%. Over the whole period it spent 26% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Club of Toms River Charitable Foundation Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Matco Industries Inc ($483k), Career Connectors Network ($484k) and A Glimpse of Africa ($483k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $1.0m against liabilities of $29k, net assets of $973k.