Kennebunk Rotary Charitable Fund

Analysis

Kennebunk Rotary Charitable Fund is a registered charity in United States, based in Kennebunk, ME. It received its IRS tax-exemption ruling in June 2009, 17 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 2023, Kennebunk Rotary Charitable Fund reported income of $82k and spending of $192k, spending 234% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $56k to $82k (+47%), an average of +47% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 172% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kennebunk Rotary Charitable Fund sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 24th percentile within ME. Charities of a similar size with the same main cause include Abraham Lincoln Elementary School Foundation ($82k), Meeting Professionals International ($82k) and Norwich Rotary Foundation Inc ($82k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.