Rotary Club of Hillsborough Foundation Inc

Analysis

Rotary Club of Hillsborough Foundation Inc is a registered charity in United States, based in Hillsborough, NJ. It received its IRS tax-exemption ruling in December 2021, 5 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 Hillsborough Foundation Inc reported income of $120k and spending of $60k, leaving 50% of income unspent that year. Across the 5 years on record, from June 2017 to June 2023, income grew from $60k to $120k (+100%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 122%. Over the whole period it spent 84% 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 Hillsborough Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Palouse Empire Fair Foundation ($120k), Pet Parade Charities ($120k) and Friends of the Dixon May Fair ($120k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $179k against liabilities of $0, net assets of $179k.