Rockford Rotary Charitable Association

Analysis

Rockford Rotary Charitable Association is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in February 2015, 11 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rockford Rotary Charitable Association reported income of $51k and spending of $61k, spending 120% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $200k to $51k (-75%), an average of -24% a year. The sharpest change came in the year to June 2020, when income dropped by 59%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rockford Rotary Charitable Association sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within IL. Charities of a similar size with the same main cause include Belle Plaine Community Develpment Corporation ($51k), Its Not Just Dinner ($51k) and Thompson Valley Rotary Club Foundation ($51k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% of the total. At year end it held assets of $1.2m against liabilities of $14k, net assets of $1.2m.