Marion Rotary Foundation Inc

Analysis

Marion Rotary Foundation Inc is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in December 1961, 65 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Marion Rotary Foundation Inc reported income of $873k and spending of $78k, leaving 91% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $265k to $873k (+229%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 335%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marion Rotary Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include United Way of North Central Iowa ($873k), Lev Echad ($873k) and Swift Charities ($872k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.