Salem Rotary Foundation

Analysis

Salem Rotary Foundation is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in March 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Salem Rotary Foundation reported income of $281k and spending of $166k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.1m to $281k (-87%), an average of -40% a year. The sharpest change came in the year to June 2022, when income dropped by 82%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salem Rotary Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OR. Charities of a similar size with the same main cause include Little League Baseball Inc ($281k), Ridgewood Senior Citizens Housing Corporation Inc ($281k) and Berkley Presbyterian Missionary Homes ($281k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.