Long Beach Rotary Charitable Foundation

Analysis

Long Beach Rotary Charitable Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in July 1993, 33 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, Long Beach Rotary Charitable Foundation reported income of $269k and spending of $205k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $165k to $269k (+63%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Long Beach Rotary Charitable Foundation sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include North Dakota Farmers Union Foundation ($269k), Three Rivers Sheltered Industries Inc ($269k) and Athens County Economic Development Council ($268k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.