Tomball Rotary Foundation

Analysis

Tomball Rotary Foundation is a registered charity in United States, based in Tomball, TX. It received its IRS tax-exemption ruling in July 2022, 4 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 June 2023, Tomball Rotary Foundation reported income of $130k and spending of $115k, spending 89% of its income. Across the 5 years on record, from June 2018 to June 2023, income grew from $60k to $130k (+116%), an average of +21% a year. The sharpest change came in the year to June 2019, when income rose by 52%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tomball Rotary Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Barnes Community Development Corporation ($130k), Morningside Area Alliance Inc ($130k) and Ellevate Foundation Inc ($130k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.