Akron Rotary Foundation

Analysis

Akron Rotary Foundation is a registered charity in United States, based in New Franklin, OH. It received its IRS tax-exemption ruling in February 1994, 32 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 December 2023, Akron Rotary Foundation reported income of $58k and spending of $68k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $58k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income rose by 201%. Over the whole period it spent 32% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Akron Rotary Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within OH. Charities of a similar size with the same main cause include The Aero Club Foundation of Washington ($58k), Cape Barnabas Inc ($58k) and Keystone Pennsylvania Press Club ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% of the total. At year end it held assets of $2.5m against liabilities of $7,979, net assets of $2.5m.