Rotary Club of Asheville Foundation Inc

Analysis

Rotary Club of Asheville Foundation Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Asheville Foundation Inc reported income of $233k and spending of $185k, leaving 20% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $167k to $233k (+39%), an average of +39% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rotary Club of Asheville Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Arewa Aid Inc ($233k), Jefferson Street Center Inc ($233k) and Love Cradle USA Inc ($233k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $373k against liabilities of $0, net assets of $373k.