Cleveland Rotary Foundation

Analysis

Cleveland Rotary Foundation is a registered charity in United States, based in Avon Lake, OH. It received its IRS tax-exemption ruling in September 1941, 85 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, Cleveland Rotary Foundation reported income of $200k and spending of $299k, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $201k to $200k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to June 2022, when income rose by 192%. Over the whole period it spent 47% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cleveland Rotary Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Eritrean Community in Seattle and Vicinity ($200k), New Consensus ($201k) and Open Heart Leaders ($200k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $3.0m against liabilities of $2,279, net assets of $3.0m.