Long Beach Island Rotary Foundation

Analysis

Long Beach Island Rotary Foundation is a registered charity in United States, based in Ship Bottom, NJ. It received its IRS tax-exemption ruling in January 2013, 13 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, Long Beach Island Rotary Foundation reported income of $135k and spending of $90k, leaving 33% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $105k to $135k (+29%), an average of +29% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Long Beach Island Rotary Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Bethlehem Area Vocational Technical School Bridges Foundation Inc ($135k), Brock Family Community Foundation ($135k) and Community First Cares Foundation ($135k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 6.6% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.