Morristown Rotary Club Endowment Fund Inc

Analysis

Morristown Rotary Club Endowment Fund Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in August 1994, 32 years ago. 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, Morristown Rotary Club Endowment Fund Inc reported income of $146k and spending of $119k, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $56k to $146k (+162%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 232%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morristown Rotary Club Endowment Fund Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Dallas Regional Science & Engineering Fair ($146k), Sight Loss Services Inc ($146k) and Jo McDonough TR ($146k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 25% of the total. At year end it held assets of $446k against liabilities of $10k, net assets of $436k.