Rotary Foundation of Cincinnati

Analysis

Rotary Foundation of Cincinnati is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 1952, 74 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, Rotary Foundation of Cincinnati reported income of $245k and spending of $383k, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $550k to $245k (-55%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 75%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Foundation of Cincinnati sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include Vilas County Economic Development Corporation Inc ($245k), Near Westside Neighborhood Association Inc ($245k) and Training Center Incorporated ($245k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $7.0m against liabilities of $116k, net assets of $6.8m.