Westport Rotary Club Foundation Inc

Analysis

Westport Rotary Club Foundation Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in November 2022, 4 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, Westport Rotary Club Foundation Inc reported income of $388k and spending of $421k, spending 108% of what it took in. Across the 4 years on record, from June 2019 to June 2024, income grew from $191k to $388k (+104%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 120%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Westport Rotary Club Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CT. Charities of a similar size with the same main cause include Wheat Ridge 2020 Inc ($388k), Capitol Projects Inc ($388k) and West Brighton Community Local Development Corporation ($388k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $289k against liabilities of $70k, net assets of $218k.