Grove Rotary Foundation Inc

Analysis

Grove Rotary Foundation Inc is a registered charity in United States, based in Grove, OK. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Grove Rotary Foundation Inc reported income of $85k and spending of $144k, spending 170% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $130k to $85k (-34%), an average of -13% a year. The sharpest change came in the year to June 2021, when income rose by 111%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grove Rotary Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within OK. Charities of a similar size with the same main cause include Yale Club of Washington D C ($85k), Signal Mountain Middle-High School Sports Booster Club ($85k) and The Buck Scholars Association Inc ($85k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $517k against liabilities of $14k, net assets of $503k.