Rotary Club of Lakewood Washington Charitable Fund

Analysis

Rotary Club of Lakewood Washington Charitable Fund is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in March 2008, 18 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 (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, Rotary Club of Lakewood Washington Charitable Fund reported income of $242k and spending of $209k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $149k to $242k (+63%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rotary Club of Lakewood Washington Charitable Fund sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include Indy Hub Foundation Inc ($242k), Marshfield Area Chamber Foundation Inc ($242k) and Womens Fund of Greater Chattanooga ($242k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $171k against liabilities of $649, net assets of $171k.