Bethesda Chevy Chase Rotary Club Foundation Inc

Analysis

Bethesda Chevy Chase Rotary Club Foundation Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in December 2019, 7 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 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 2023, Bethesda Chevy Chase Rotary Club Foundation Inc reported income of $55k and spending of $70k, spending 127% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $67k to $55k (-18%), an average of -6.2% a year. The sharpest change came in the year to June 2022, when income dropped by 56%. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bethesda Chevy Chase Rotary Club Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within MD. Charities of a similar size with the same main cause include Shawano Area United Way Inc ($55k), Friends of the Kenosha Museum Inc ($55k) and Bayonne Community Foundation Inc ($55k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $405k against liabilities of $0, net assets of $405k.