Kent Rotary Foundation

Analysis

Kent Rotary Foundation is a registered charity in United States, based in Kent, OH. It received its IRS tax-exemption ruling in November 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kent Rotary Foundation reported income of $69k and spending of $31k, leaving 55% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $89k to $69k (-22%), an average of -22% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 45% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kent Rotary Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Building Equal Bridges Inc ($69k), Paradise Park Foundation ($69k) and Kado Inc ($69k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $479k against liabilities of $0, net assets of $479k.