Hanover N H Rotary Charities Inc

Analysis

Hanover N H Rotary Charities Inc is a registered charity in United States, based in Hanover, NH. It received its IRS tax-exemption ruling in April 2003, 23 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, Hanover N H Rotary Charities Inc reported income of $52k and spending of $57k, spending 110% of what it took in. Across the 3 years on record, from June 2020 to June 2024, income fell from $284k to $52k (-82%), an average of -57% a year. The sharpest change came in the year to June 2024, when income dropped by 73%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hanover N H Rotary Charities Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NH. Charities of a similar size with the same main cause include Asha Foundation Inc ($52k), The Team Foundation ($52k) and Ted Gunther Memorial Scholarship Fund Inc ($52k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.