Rotary Foundation of New Albany Inc

Analysis

Rotary Foundation of New Albany Inc is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rotary Foundation of New Albany Inc reported income of $55k and spending of $31k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $55k (+6.8%), an average of +6.8% a year. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Foundation of New Albany Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include Downtown Revitalization Committee ($55k), Rock Hill Sports Commission ($55k) and 4th Precinct Fellowship Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.