Beverly Rotary Club Foundation Inc

Analysis

Beverly Rotary Club Foundation Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in June 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Beverly Rotary Club Foundation Inc reported income of $90k and spending of $84k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $131k to $90k (-31%), an average of -8.9% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beverly Rotary Club Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Foothills Service Club ($90k), Clymer Township Volunteer Hose Company ($90k) and Okjoo Foundation ($90k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% of the total. At year end it held assets of $630k against liabilities of $11k, net assets of $618k.