Hudson Rotary Foundation Inc

Analysis

Hudson Rotary Foundation Inc is a registered charity in United States, based in Hudson, OH. It received its IRS tax-exemption ruling in October 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hudson Rotary Foundation Inc reported income of $136k and spending of $69k, leaving 50% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $72k to $136k (+88%), an average of +88% a year. The sharpest change came in the year to June 2024, when income rose by 88%. Over the whole period it spent 122% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hudson Rotary Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include Loveiam ($136k), Boardwalk 1000 Foundation a New Jersey Nonprofit Corporation ($136k) and Cornerstone Grant ($136k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% of the total. It paid $6,756 in professional fundraising fees. At year end it held assets of $535k against liabilities of $0, net assets of $535k.