Springfield Rotary Foundation

Analysis

Springfield Rotary Foundation is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in January 1966, 60 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 (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 2024, Springfield Rotary Foundation reported income of $61k and spending of $74k, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $56k to $61k (+7.7%), an average of +1.9% a year. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Springfield Rotary Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include National Charity League Edgewood Chapter ($61k), Amigos de Funfe ($61k) and Rotary Club of Fallbrook Foundation ($61k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.7% of the total. At year end it held assets of $617k against liabilities of $0, net assets of $617k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.