Rotary Club of Springfield Ohio Foundation

Analysis

Rotary Club of Springfield Ohio Foundation is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in January 1976, 50 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, Rotary Club of Springfield Ohio Foundation reported income of $168k and spending of $114k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $208k to $168k (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2021, when income dropped by 19%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Club of Springfield Ohio Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Riverside Excite ($168k), Workforce Development Services Inc ($168k) and Phoenix Zones Initiative ($168k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.6m against liabilities of $80k, net assets of $1.5m.