Prior Lake Rotary Foundation

Analysis

Prior Lake Rotary Foundation is a registered charity in United States, based in Prior Lake, MN. It received its IRS tax-exemption ruling in June 2011, 15 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 December 2023, Prior Lake Rotary Foundation reported income of $996k and spending of $375k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $497k to $996k (+100%), an average of +19% a year. The sharpest change came in the year to December 2020, when income dropped by 119%. Over the whole period it spent 37% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Prior Lake Rotary Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Chinook Fund ($995k), The Kristen Ann Carr Fund ($996k) and Henrys Place ($995k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $3.7m against liabilities of $935k, net assets of $2.8m.