Santa Monica Rotary Club Foundation

Analysis

Santa Monica Rotary Club Foundation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in February 1972, 54 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Santa Monica Rotary Club Foundation reported income of $96k and spending of $210k, spending 218% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $241k to $96k (-60%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 68%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Santa Monica Rotary Club Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Pasadena Junior Chamber of Commerce Foundation ($96k), Pathways to Employment Inc ($96k) and TLV Charities ($96k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $1.0m against liabilities of $500, net assets of $1.0m.