Rotary Club of Redondo Beach Community Foundation

Analysis

Rotary Club of Redondo Beach Community Foundation is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in September 2014, 12 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 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 2024, Rotary Club of Redondo Beach Community Foundation reported income of $240k and spending of $117k, leaving 51% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $219k to $240k (+9.5%), an average of +9.5% a year. Over the whole period it spent 48% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Club of Redondo Beach Community Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include South East Area Coalition Inc ($240k), Southside First Economic Development Council ($240k) and Clay County Communitites Revitalization Association Inc ($240k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% of the total. At year end it held assets of $493k against liabilities of $0, net assets of $493k.