Fort Wayne Rotary Foundation Inc

Analysis

Fort Wayne Rotary Foundation Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in May 1979, 47 years ago. 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, Fort Wayne Rotary Foundation Inc reported income of $58k and spending of $79k, spending 137% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $221k to $58k (-74%), an average of -36% a year. The sharpest change came in the year to June 2020, when income dropped by 53%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fort Wayne Rotary Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within IN. Charities of a similar size with the same main cause include Moving Pillsbury Forward NFP ($58k), Norfolk Historical Society Inc ($58k) and Twin City Christian Service Center Inc ($58k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $394k against liabilities of $5,551, net assets of $389k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.