Tacoma Rotary 8 Foundation

Analysis

Tacoma Rotary 8 Foundation is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in July 1972, 54 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 2023, Tacoma Rotary 8 Foundation reported income of $377k and spending of $300k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $425k to $377k (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tacoma Rotary 8 Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within WA. Charities of a similar size with the same main cause include Prison Performing Arts ($377k), National Church Residences Mercedarian of Cleveland Oh ($377k) and Community Tax Aid Inc ($377k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $2.3m against liabilities of -$270, net assets of $2.3m.