Poulsbo - North Kitsap Rotary Foundation

Analysis

Poulsbo - North Kitsap Rotary Foundation is a registered charity in United States, based in Poulsbo, WA. It received its IRS tax-exemption ruling in December 2000, 26 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 (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 2024, Poulsbo - North Kitsap Rotary Foundation reported income of $163k and spending of $120k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.1m to $163k (-92%), an average of -47% a year. The sharpest change came in the year to June 2021, when income dropped by 88%. Over the whole period it spent 136% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Poulsbo - North Kitsap Rotary Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within WA. Charities of a similar size with the same main cause include Long Island Networking Elite Inc ($163k), Cohasset Local Education Foundation Ltd ($163k) and Samuel Staten Sr Charity Fund ($163k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% of the total. At year end it held assets of $869k against liabilities of $0, net assets of $869k.